ASML BARR Bump & Run Reversal1D Chart: Normal candle.
On the day we look at the course of the Bump & Run compared to the previous TA. ( )
This is because we are on the verge of claiming or being rejected as the price is now on the “Lead-In line”.
This Friday will probably play a role in that, if the bulls really claim this, the RUN can be used.
What is also interesting on the day chart? Is that when the EMA crosses 26 on the EMA 50 a Mini Golden Cross occurs which is the beginning of bullish momentum. Of course, the EMA 50 on the 200 is the intersection that is an extra confirmation on that.
4H chart: Normal candle
On the 4 hour chart we zoom in on the Broadening Descending Wedge which has more or less put us on the Lead-In line of the bigger picture. The price is still above the old neckline of the previous M pattern and I would like to see the bulls claim this zone (as indicated on the day) to be able to move further up. What worries me a bit is the gap that is a lot lower and is also beyond the Golden Pocket. Also keep an eye on that scenario because in the MACD indicator we see that a downward crossing has been made, this can be temporary but I would like to add.
I also share the 4H chart: in Heikin ashi which I often find gives a calmer picture.
Semiconductors
ASML BARR + Broadening descending wedge1D Chart: Normal candle.
On the day we look at the course of the Bump & Run compared to the previous TA. ( )
This is because we are on the verge of claiming or being rejected as the price is now on the “Lead-In line”.
This Friday will probably play a role in that, if the bulls really claim this, the RUN can be used.
What is also interesting on the day chart? Is that when the EMA crosses 26 on the EMA 50 a Mini Golden Cross occurs which is the beginning of bullish momentum. Of course, the EMA 50 on the 200 is the intersection that is an extra confirmation on that.
4H chart: Normal candle
On the 4 hour chart we zoom in on the Broadening Descending Wedge which has more or less put us on the Lead-In line of the bigger picture. The price is still above the old neckline of the previous M pattern and I would like to see the bulls claim this zone (as indicated on the day) to be able to move further up. What worries me a bit is the gap that is a lot lower and is also beyond the Golden Pocket. Also keep an eye on that scenario because in the MACD indicator we see that a downward crossing has been made, this can be temporary but I would like to add.
I also share the 4H chart: in Heikin ashi which I often find gives a calmer picture.
Nvidia Stock NVDA Is Edging HigherNvidia stock NVDA had built a strong move on Friday to post a solid gains of 6.81% and close on the resistance area around $265.00.
The stock is showing bottoming signals after violating the downward trendline, Prices have the potential to test the 50.00% and 61.80% Fibonacci Retracement levels ($276.00 - $293.00) consecutively.
It is worth mentioning that Nvidia's investors’ day event - between March 21-24 - will be watched closely across the tech sector and will boost the price's volatility.
NVIDIA DOUBLE BOTTOM W PATTERN ADAM EVEAn update on NVIDIA
We are a month further and a lot has happened in a month.
Looking at the 4 hours:
Following the previous TA, the bulls had failed to break through. As a result, as reported, we may have started to fill the gaps that were lower, which have now been filled. It was perhaps a bit early to call but… in the end the double bottom W pattern formation is as good as a fact. In fact, I spot 2 that are almost similar (large and smaller one). The price targets of both formations are stated, both the 100% price targets by means of clap and flap… but also the 69% price targets based on the ADAM EVE Double bottom W pattern
(bottom price - neckline price = X * 0.69= Xa then.... the neckline + Xa = price target).
However, the necklines must be broken and preferably provided with a re-test.
If the bulls are rejected at the first neckline, there is still hope for the USD 224 otherwise a decline towards the earlier USD 210 support will undoubtedly be tested again.
Qualcomm | QCOM | Short to Gap FillQualcomm ( NASDAQ:QCOM ). While I believe semiconductors will be the hot tickers again in the near future, Qualcomm needs to close the gap between $138.55 and $147.88. The upcoming Federal Reserve meeting and OpEx may serve as catalysts for this move. While it could rise to test resistance in the low- to mid-$160s to trap the bulls, I expect it to show more weakness ahead. Closing the gap below will be great for the bulls (like myself) in the long-run.
If it breaks resistance, thesis is broken.
NXPI exposure to ChinaThe U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
38% of NXP Semiconductors revenue comes from China.
My price target from NXPI is $134.
Looking forward to read your opinion about this.
Where is Micron Technology going next?Ok guys I am really bad about wanting to type out a thesis on my charts. Not all the lines on my chart currently matter, they are for my reference as a lot of the chart is hidden. Overall I see a possible pullback up to the $83-$84 range, after that my overall range to the downside for the current moment is $72-$77 with a more pinpointed range of $73-$75. I will reassess the chart once I see more price action play out into the beginning of the week and most likely grab a PUTS position (want to make sure from validation). Once it hits my targets I will reassess the chart for further moves to the upside/downside.
What are your thoughts on MU/Micron Technology?
$AMD Key Levels, Analysis & Targets$AMD Key Levels, Analysis & Targets
Let me know your thoughts…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
2/27/22 ONON Semiconductor Corporation ( NASDAQ:ON )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 27.464B
Current Price: $63.50
Breakout price: $65.35
Buy Zone (Top/Bottom Range): $60.30-$55.40
Price Target: $72.00-$73.40(1st)
Estimated Duration to Target: 49-54d
Contract of Interest: $ON 4/14/22 65c
Trade price as of publish date: $4.05/contract
SOXL bearish double top*disclaimer*
I haven't published anything outside of the crypto markets publicly. However, I have had my eye on SOXL, Direxion Daily Semiconductor Bull 3X Shares ETF.
I originally thought that earnings for NVIDIA were going to boost the asset and asset class, however it seemed to me the night before earnings that the earnings call was already priced in.
Looking at an 8 hour hollow candle chart here going back to fall 2021 makes the picture a bit clearer for me (when in doubt zoom out).
SOXL did a bearish double top between late November 2021 and early January 2022. And now volume is kicking up heavily on the sell side. Especially when current volume is compared to moving average for volume.
If the NVIDIA earnings call wasn't enough to lift, and rumors about auto manufacturers continue to slip in through the cracks, I see plenty of downside correction left for SOXL.
That being said, this is part technical and part "buy the rumor, sell the news" analysis and I will keep my eye on this sector which has been outperforming.
NVDA - Nvidia CorporationAdded another quarter position as we cleared and held above last week's high and as the broad market continues to follow through, bringing my average price up to $246.99.
SPY and QQQ both had another good follow-through day today off of Friday's pullback lows. Neither is in the clear, however. They're also both facing up against key moving averages; SPY approaching the 50-day line & QQQ pressed up against the 200-day line.
LongThe stock went down hard on the general market decline. After that, reversal formations began to form. I expect growth from the current 30%. Fundamentally, the stock is strong.
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#SMH and all semi plays#SMH is seeing increased bullish volume ( blueish nodes ) compared to bearish volume ( orange nodes ) on the volume profile sitting on a great spot ontop of a volume shelf with plenty of room to push to the top side if we can keep this trend so far don't dive into plays in current market ease into them to manage your risk as best as possible
SOX PHLX Semiconductor Shortage won`t be solved anytime soon !!Secretary of Commerce Gina Raimondo:
“The semiconductor situation is going to take a long time to fix”
“This is one I feel confident saying it's not going to be fixed in a month or two, or six, or 12 months.”
For now PHLX Semiconductor (^SOX) is oversold and we can see in the chart what was the price movement after the last oversold area.
I expect to be the same now, since the semiconductor shortage won`t be solved anytime soon.
My price target is 3730.
Looking forward to read your opinion about it.
STM - is it about to start a new EW pattern and breakout?EURONEXT:STM
Might be a potential swing here. Currently trading at 4x its ATR and 4x its relative volume in the past 30min. Chart looks promising for bulls IMO. Support is the 200 MA on the daily so stop loss is TIGHT right now but the upside would be 52 if $46 is broken and held. I would look to NVDA and AMD though to see how the market is going to react to the semiconductor industry for context. Also a possible corrective wave C just ended and we are about to begin a new EW pattern.