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Semiconductors

Teradyne - Cup & Handle + Measured MoveTeradyne made a cup & handle, which continues to see strength. Cup & Handle -- Measured Move Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move. Trade Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1 level. There are also other semiconductors making ATH, which is adding to the strength in the industry overall.
NASDAQ:TERLong
by dorfmanmaster
My fans have asked and I am responding: semiconductors at limitSomeone asked me about semi-conductors recently because they had (apparently) gone exponential. Well, not quite. I think in response to the election news the past few sessions had been good but going back you can see that its been trading in a fairly predictable range. I can't comfortably call this exponential until it breaks above the overhead resistance and we all know what needs (*ahem) for that to happen (and given the recounts necessary in Georgia and Wisconsin, although Biden will be declared victor the markets will not like the lack of finality and the inevitable road blocks that will be put up by Trump). The other interesting thing is that SOXL is in a very wide long ascending triangle which more often than not tends to break down. More adventurous people could put a small short play into place.
AMEX:SOXLShort
by DanjaZown
1
Is Micron Finally Ready to Move?On Tuesday, we cited the pullback in the Philadelphia Semiconductor Index. Today, we’re looking at a member stock that’s been dead in the water all year: Micron Technologies. Worries about the Covid recession have dragged on the memory-chip maker, despite strong results. Analysts at Deutsche Bank and Citi also think pricing will improve over the winter. MU’s chart has some potential positives for the bulls. First is the falling trendline between the February and July highs. It broke that line three weeks ago and is now revisiting it as support. (Similar to the iShares Trust China Large-Cap ETF pattern on Monday.) Second, MU’s 50-day simple moving average (SMA) just rose above its 200-day SMA: a “golden cross.” There are also potential fundamental tailwinds given the strong industrial data this week from the U.S. and China, plus the upcoming iPhone 12 ramp. Traders may want to keep an eye on MU for a potential breakout. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:MU
by TradeStation
2
$AOSL Consolidation and Handle Formation Indicates eventual LONGAOSL is consolidating and has been for the better part of the past two-weeks. The formation of a handle to a cup dip is certainly present: For better or worse. The S&P is struggling throughout Monday's trading session, but AOSL still has all the makings of a MEGA-LONG. 17+ should be realized in due time, but the market has to begin to show better strength for that to occur. Note: This is not advice; just an idea regarding the harmonics of AOSL and some conjectures regarding a take-profit point. Always do your own research. -BDR
NASDAQ:AOSLLong
by BDRTrigger33
Can AMD Fill Gap and Reclaim Previous High? There is a major gap in AMD's chart and now we wait to see if it CONTINUES To fill it. $AMD is up 0.62% today and the trace through this correction could last all week. Just a quick touch here, with some chart work to show the reason for thinking of potential exit points to claim some profit. The volatility was high last top-out with a bit of a short squeeze that was later repeated... AMD is above average cost but has PLENTY of room to run, as shown by the higher top out (a previous high). Overall, this has all the makings of a very nice LONG. Although it would represent an annual high, AMD has its earnings report tomorrow. That could either accelerate its rise or stall it out: STAY TUNED ya dig. HAPPY TRADING! -BDR
NASDAQ:AMDLong
by BDRTrigger33
Marvell Technologies Is Pulling BackMarvell Technologies has been one of the better-performing chip stocks this year. It’s up 52 percent in 2020, while the Philadelphia Semiconductor Index has gained just 28 percent. MRVL broke out in May, well before most others. It spent the next four months in a long consolidation pattern, grinding higher but not really breaking out. That is, until ripping through a falling trend line on September 28. The stock proceeded to run almost 20 percent before losing momentum. It’s now pulling back and may provide an entry in the next week or so. The key area to watch could be roughly $38.70 - $39. That’s important because it’s roughly the location of the 50-day simple moving average (SMA). It was also an intraday high several times September 18-23. MRVL then bounced near that level on September 30, immediately after breaking out. Old resistance became new support. Here's the hourly: Beneath that, $37 could be important. That was the high in early June and a low as late as September 24. Fundamentally, the story focuses on 5G networking and cloud computing. MRVL’s next set of numbers are due in early December. Again, short-term momentum looks bearish. But now could be the time to start setting alerts and planning. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:MRVL
by TradeStation
TSM Uptrend rising wedge - potential bearish reversalUptrend rising wedge pattern forming on the daily, with rough performance lately on this stock... against all odds. A bit of a stretch on this formation, but if the levels hold, we could see a bigger retracement lower, before going up again. I'm bullish on this company - but in the short term we may have to endure some retracing. Investment strategy would be consider shorting in the near future, but definitely a bullish outlook in the long term
NYSE:TSM
by jaybag
The Nasdaq Crashed. Nvidia Didn’t.Relative strength can often be a useful concept. There are indicators to measure relative strength , but one simple method is simply looking for stocks that hold their ground when the market crashes. Semiconductor company Nvidia seems to fit this bill. NVDA is a member of the Nasdaq-100 , Philadelphia Semiconductor Index and SPDR Technology ETF . All three fell under their 50-day simple moving averages (SMAs) during the recent volatility. NVDA, however, never even came close to breaching that line. NVDA has also formed a triangle and seen its Bollinger Band Width tighten back to normal from overextended levels. This semiconductor company faces some near-term jitters over its proposed acquisition of Arm Holdings. But with such a strong trend in place and the successful integration of Mellanox in the rearview mirror, the bears might not have much ammunition. With NVDA breaking the downward trend line that began on September 3 and prices back above the 8-day exponential moving average (EMA), traders may lean on the bull side and find themselves accelerating the shares higher.
NASDAQ:NVDALong
by TradeStation