INTC idea #1Another breakout and retest of range formed 2nd half of November.
Now consolidating above and if it holds, could trade back to $52-55 range prior to big gap down of end October.
Semiconductors
Semicondoctuctors are the "Transports of the 21st century"Bespoke Research firm says "Prior to the digital revolution that began in the 1990s, the Dow Transports were viewed as a “leading” indicator for the broader stock market. In the digital age, there’s hardly an industry group that doesn’t rely on semiconductors in one way or another. A modern car can easily have more than 3,000 chips. We view the semiconductor group as the “Transports of the 21st century,” making the price action for semis important to monitor."
I agree and will be monitoring the SMH/SPY
looking for entry points on $AMDAMD still has a long runway until INTC starts to crank out chips from the 2 fabs in Arizona. Looks like there is a little bit more give in AMD but it could result in better entry points.
RSI looks like it could fall more before it truly becomes oversold on the daily.
MACD curling up for a potential cross.
Long NVDA HereBeautiful consolidation is occurring here with $NVDA after the Fed clarified tapering decisions today.
Nice bounce off the 0.618 Fib level with RSI curling back up as well after hitting lows on the daily timeframe. It appears to be a great entry if NVDA can clear the 0.786 Fib level next.
Just my personal opinion, not investment advice!
AMD Short Setup - With Timing Lines This RoundFor those that followed the original idea, the look of the path seems correct, but the unexpected super-parabola was not. Even now, this chart looks wrong when zoomed out, due to the excessive price action at vertical levels.
This next leg will probably be more than your average mean reversion, which is the only reason why I would ever follow up such a poorly-timed idea with the same exact idea. This line of thinking is something I try to avoid under most circumstances because it is the same concept as "averaging down" your cost basis when immediately proven wrong.
I'm a permanent pig with few morals and no time for averaging against a whipsaw. But this is no whipsaw (unless you seriously cannot see the forest for the trees here).
-Semi-Correct-Pig
NASDAQ:AMD
NASDAQ:NDX
CURRENCYCOM:US100
NASDAQ:SOX
NASDAQ:IXIC
12/12/21 RMBSRambus, Inc. ( NASDAQ:RMBS )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 3.156B
Current Price: $28.86
Breakout price: $29.30
Buy Zone (Top/Bottom Range): $28.50-$27.00
Price Target: $29.70-$30.20 (1st), $30.70-$31.20 (2nd), $34.40-$35.60 (3rd)
Estimated Duration to Target: 18-19d (1st), 39-41 (2nd), 104-110d (3rd)
Contract of Interest: $RMBS 1/21/22 29c, $RMBS 2/18/22 30c, $RMBS 5/20/22 30c
Trade price as of publish date: $1.20/contract, $1.30/contract, $2.20/contract
AMD approaching pibotAMD is trying to break out of a descending channel.
Yesterday we saw NVDA ripping, and it feels like AMD is lagging behind.
I am watching P.A above 146.15 for an entry.
NVDA IdeaPrice is at the first trendline / resistance.
Confirmation is a candle closing above 312.45
There are quiet a few resistance in the upside, however this name has been beaten, could see some reversal from the lows.
two different directions for NVDAthe thought that NVDA could bear flag is upsetting to some, but the price could be lower, in which case rsi, stoch, macd would diverge bullishly. like wise a gap down that is bought, and confirms 4hr higher lows could be another trip to overbought levels on multiple timeframes
$MU sniper edition #4*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $MU at $72.92 per share. Our first take profit is $92.
My team averaged up on our position today at $82.5 per share bringing our share average up to $77.71.
OUR FIRST ENTRY: $72.92
OUR 2ND ENTRY: $82.50
FIRST TAKE PROFIT: $92
2ND TAKE PROFIT: $103
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NVDA sell climax nearthe indication is that NVDA will continue to find support near $301 and move toward the $315 area
AMD Short Downside RotationAMD currently at 144.01.
Looking for the semiconductors to begin rotation.
AMD targets "Areas"
T1 136.88 - 135.75
T2 109.34 - 108.46
T3 105.32 - 104.64
MRVL: Incoming Sell OffIt's possible that MRVL is reaching the completion of its third wave after a multi year run where prices continue to increase with reason. After earnings the price shut up to the Fibonacci resistance level that would typically correspond with profit taking - that coupled market wide reflection on valuations may lead to a steady sell off over the next few months before MRVL will continue the final leg of its bull run
Buy $SOXS - NRPicks 12 NovSeeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the PhLX Semiconductor Sector Index. The index measures the performance of domestic companies engaged in the design, distribution, manufacture and sale of semiconductors.
Buy $SOXS - NRPicks 29 Oct$SOXS is an index that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Semiconductor Sector Index.
Buy $SOXS - NRPicks 15 Oct$SOXS is an index that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Semiconductor Sector Index.
TINTINTINTINCheatsheet for Tin. Tin futures plus the only three 'real' equity postions one can consider
$TSM nice reversal setup$TSM nice reversal bouncing back from $107 support and took conformation after breaking $112 next step to break $125. wish it is on a trend now target $125 $127 big level will be $136 before going to $136 sure it need strong support to fill the huge gap.
$NVDA | Watchlist #3 | 11/22-11/24 $NVDA +$333
(Over $333 for calls)
Price targets: $335, $337, $340
Technical analysis:
- Bull flag on the daily chart
- All time high breakout
Micron (MU)Global growing trend and strong penetration of a local resistance trend line is a good signal for further growth of MU. Nearest resistance is $81 - upside ~ 8.5%. Stop limit is $70 (-4%). Profit/loss ratio is 2:1. Reaching first target recomend to close 70% of positon and hold other one to rqach $84, $88 and $94 closing 10% of initial volume every point.
