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Semiconductors

$ACLS - Wave 5 underway...heading north of 50?Lots of interesting things happening here... 1) Ichimoku cloud on every time frame, from 30 min to weekly, showing green. 2) EW count shows what looks to be the start of a Wave 5. If we come down a bit and bounce from 37-38, that will be confirmation of W2 of W5. $38 is also the 21 EMA support. 3) The equal legs target of both W1 and W3 land at the 50% and 61.8% inverse retracement of W4. This shows price confluence around $50 4) The pitchfork median should act as a magnet and once we cross the $41.20 high, we should continue to the top 0.5 and 1 band 5) The Fib time extension shows a 1:1 extension in mid June right around where the W3 and W1 equal leg targets finish (the two grey rectangles) 6) Hidden bullish divergence....price is making higher lows as RSI makes lower lows 7) MACD on daily timeframe has just flipped green with bulls in control. 8) Earning coming up on May 5, so we could see an early run up to earnings, especially since the FIb time 1.618 level is around there too.
NASDAQ:ACLSLong
by ir-rizzle
NXPI - trade idea if NXPI can hold the trend the line on the 1 HR I believe it will continue to push higher however it does have some bearish indicators such as decreasing momentum and a bearish cross on MACD. if it fails to hold the trend line I believe it can drop to the nearest resistance. the 4 hr looking somewhat bearish but the 1 day looks bullish overall. *NXPI Is being added to SP500...can cause short term pop. In summation, bullish very long term, possibly bullish short term only if we hold the trend line. If not, bearish short term, going to wait the first hour or so to see which direction we take. as always do your own analysis before placing any trade this is for education purpose only and is not investment advice.
NASDAQ:NXPILong
by skmcgee
3x inverse funds as a contrarian indicator3x inverse ETFs let you use leverage to bet against stocks. This chart shows the 14-day Money Flow Indicator (MFI 14) on a 3x inverse semiconductor fund (SOXS). SOXS is an inverse leveraged bet on the SOXX semiconductor ETF, which is also shown on the chart. Interestingly, the flow of money into and out of SOXS has often been a contrarian indicator of where SOXX is headed. SOXS gets big inflows just as SOXX hits bottom. It gets big outflows just as SOXX hits top. If you do the opposite of whatever SOXS traders are doing, you can do pretty well. SOXS made a peak on Friday that may imply that SOXX has bottomed and will begin to move up. Short SOXS or long SOXX would be the play here.
AMEX:SOXS
by ChristopherCarrollSmith
4
Can Nvidia Climb a Wall of Worry?Nvidia has gone nowhere since the summer, but now the chart may be lining up for another push to the upside. The first pattern is the series of higher lows beginning in early January, plus a new all-time high in February. Next, the most recent low of around $528 is almost exactly the middle of its four-month range. After consolidation on either side of that line, has it now become support? Interestingly, NVDA had a large, high-volume drop on Thursday to that price area – but there was little follow-through to the downside. Third, as prices inch back from Thursday's selloff, they’re trying to bounce at both the 50-day and 100-day simple moving averages (SMAs). Finally, stochastics have dipped toward oversold territory. The fundamental story is mixed. On one hand, results and guidance crushed estimates last quarter. On the other hand, investors are worried as NVDA’s pending acquisition of Arm hits a series of regulatory hurdles. Given the strong earnings and broad outperformance in the chip space, will prices now climb the proverbial "wall of worry?" TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:NVDALong
by TradeStation
4
TSM possible scenarios...patience will be crucial with TSM... 1.) Scenario that we can looking for setup is "ABCD" pattern where right now we are in (C) point and that is good setup for buy ... but ... 2.) But as we can see with pink color, if price come down on point (A) we will looking, will the price do a "head and shoulder" and than that will be good setup at price by approx. $105.22 3.) And with yellow color we can see If the price come at point (A) and just bounce back in "ascending triangle" and make ATH we will looking for resistance brake and setups for buy. Thank you for reading, and this is not purchase recommendation... Push like button or comment if you like this analysis or if you have some your view. :) NYSE:TSM
NYSE:TSMLong
by kova137
MCHP on the move!Who is gonna win this battle: cup and handle or rising wedge ? MCHP made a nice “buy the dip” on Tuesday creating a “cup and handle” pattern that combined with the ABCD pattern gives a forecast for a possible target price at point (D). If that happens, MCHP will break the resistance line and go into a new trend which it will then surely test again. Of course you should also keep in mind the rising wedge and be careful. But on my opinion bears are not strong enough to push the price down at the moment, but in any case it remains to be seen how this battle will unfold and be ready for buying setups. Thank you for reading this, and if you have some comments there are more than welcome, also feel free to press like button if you think this is a interesting and good analysis :) NASDAQ:MCHP
NASDAQ:MCHPLong
by kova137
Semiconductors ~ ascending triangle Technical Analysis We have formed an ascending triangle (purple lines). If we make a measured move from the breakout, it takes us up to $275 target approximately. 21ema has been working very well as a trend following system. OBV has been supportive of the trend. Fundamental Analysis / News 1. Ongoing reports talking about demand for semiconductors outpacing supply, particularly from the auto makers. 2. A Reuters report that indicates CEOs of leading U.S. companies are urging the Biden administration to provide incentives to build more factories in the U.S. in order to win back market share and help mitigate risks to national security.
NASDAQ:SMHLong
by dorfmanmaster
MRVL ER run up MRVL Technology is a semi conductor company that has been lagging behind this week with other semis like NVDA having nice rallies. Great company with continued growth in the 5g and cloud computing segment. Looking at this for a potential swing with ER approaching early March. In a nice uptrend since the pandemic hit and currently in a 2-3 week downtrend channel to complete a nice bull flag. Watching for a breakout of the downtrend with a significant increase in volume for a confirmed reversal. Looking for a break and hold above 51.60 for an overall move up to retest ATH at 55.80. Over that I'm looking at a push to my wave 5 target at 62. Ways to Play this 1. Buy Shares and hold long term - low risk low reward 2. Load on the dip before the rip (load zone: 48-51), scale in with option contracts w/ couple month out expiration 3. Wait for the breakout (confirmed reversal) of 51.60 to load up couple month out contracts Options to consider 55C 3/19 1.84 (low risk: medium reward) 50C 2/19 1.66 (medium risk: high reward) 51C 2/19 1.15 (medium risk: high reward) 55C 2/19 .23 (Lotto)
NASDAQ:MRVLLong
by jUiCE_Trades
14
Cirrus Logic Pulls Back to Key LevelsCirrus Logic began 2021 with a breakout to new highs. Now it’s pulled back to some potentially interesting levels. First, Thursday’s close around $86 is near the old peak in January 2020. Will old resistance become new support? Second, CRUS has returned to its 50-day simple moving average for the first time since it started running in late September. Third, stochastics are deeply oversold. CRUS relies heavily on Apple iPhones as an end market. It initially tried to rally on January 28 after AAPL’s blowout results, and was swamped by bearish short-term momentum. Strong quarterly results two sessions later were also ignored. The iPhone cycle and semiconductors in general have been very strong. CRUS may need some time to stabilize, but trend followers will be watching to see if it holds this zone and the 50-day SMA. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:CRUS
by TradeStation
1