Inphi Corporation (IPHI) short.All description on the chart.
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Semiconductors
NeoPhotonics Corporation (NPTN) short.All description on the chart.
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Taiwan Semiconductor Provides Clear Roadmap of Market TechnicalsOften times during countertrend moves, price action can become choppy, overlapping, and difficult to read, let alone trade.
It is important to be continually monitoring charts of individual issues, as well as the major averages, as often times, when one is choppy and "unreadable," the other will give a tell as to where you are, technically speaking, within any particular market cycle.
For example, while the charts of the major averages have become choppy as of late, and FOMO investors exchange financial blows with traders who are looking for the proverbial "top-tick," to get short, I have taken to looking for the omnipresent "tell' stocks.
These are stocks that are typically widely held, large-cap, and very liquid stocks, and as such, present a descent proxy for the overall market.
At this moment, Taiwan Semiconductor (TSM) presents us with a very clear roadmap for where we are.
1) it has completed a very clear 5 wave impulse from the 1998 low
2) Clear alternation between wave 2 and 4
3) A textbook 3 wave counter-trend move of the March 2020 bottom.
When the current counter-trend rally exhausts itself, the market, including TSM will be engulfed in a very strong, and profitable, wave C. There will be virtually no stock that will be unaffected, as correlations converge on 1.0
Keep watching here for updates good trading.
Taiwan Semiconductor Next-Generation Automobile TechnologyTaiwan Semiconductor Next-Generation Automobile Technology Platform
Go to the Invest2Success Blog and or Contact Me for the Details
NYSE:TSM
NASDAQ:NVDA
NASDAQ:NXPI
NASDAQ:QRVO
NASDAQ:TSLA
$TSM #taiwansemiconductor $NVDA #nvidia $NXPI #nxpsemiconductors $QRVO #qorvo $TSLA #tesla #automotive #electricvehicles #autonomousdriving #semiconductors #technology #coronavirus #financialforecast #stocks #stockstowatch #stockmarket #wallstreet #nyse #sp500 #investing #investors #trading #traders #elliottwave #markets #finance #economy
Advanced Micro: If at First You Don’t Succeed…Advanced Micro Devices was the S&P 500’s top performer in both 2018 and 2019. It’s having another positive year, but remains trapped at a key resistance line that started in late February.
AMD tried to break out last week after finding support at its 50-day simple moving average (SMA). It peaked out after the Fed meeting, along with the rest of the market and quickly fell back into its range.
The next day brought the S&P 500’s worst drop since mid-March, but buyers still defended AMD's 50-day SMA. And, it’s holding that line again today.
Bollinger Band width shows how tightly AMD has traded as prices squeeze between the 50-day SMA and the trend line. This may create the potential for a strong run if the stock closes much above $56.
It’s also noteworthy that the current price zone is above its long-term high of $48.50 from June 2000. That may add fuel to the fire if it breaks out and starts running.
AMD is one of the most active options underliers, averaging more than 350,000 contracts per session. Momentum traders know this name well. The bulls tried and failed last week. But will they give it another try soon?
$MX can rise in the next daysContextual immersion trading strategy idea.
MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications.
The share price rose after announcing the director of the company, Camillo Martino, bought shares for more than $100,000.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $12,67;
stop-loss — $11,92.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Micron Technology, (MU) breaking outMicron technology is breaking out today from a B wave consolidating triangle as it moves towards completing its zig-zag upward correction. This is a large stock and I suspect it will top when the rest of the market tops. Moreover, with a clear technical chart, MU can be a proxy for timing major indexes.
Semiconductors breaking downThat market is absolutely littered with declining wedges (UGAZ, LABD, SOXS, TMF to name a few)!! I thought this was the tastiest and look like it will turn a corner early in trading and begin trading down. I hope everyone shorted gold miners and closed today because they're turning up tomorrow!
NVDA: Is This The Start Of A Multiyear Bull Run?NVDA 1M:
2016 - Price formed "U" at/below previous ATH. Slow Stochastic hit overbought then formed "U". Price then broke the ATH and the following bull run lasted 2.4 years and returned 600%+.
2020 - Price formed "U" at/below previous ATH. Slow Stochastic hit overbought then formed "U". Price then broke the ATH.
The 2020 NVDA chart + indicators share many similarities to 2016 NVDA. Is this the start of a multiyear bull run for NVDA?
Link to my previous NVDA charts below.
Either price discovery or price manipulation or lets lookEither price discovery or price manipulation or lets discover how we can manipulate this stock to a new low so we can buy it before Block chain Mining and A.I. blow up any more then they have already.
- yes this is an emerging market (speculation alert)
- yes this is a tech stock - (speculation alert)
- so the official story is that Bitcoin will be less profitable in the future as half the bitcoins are being produced every ten minutes for the next four years. But any crypto kid will tell you if the supply dries up by half then the price should increase. But this company just offered no guidance for the next quarter saying they don't know how they will make it because of too many factors... S0 they may be telling the truth and this company will not sell any products in the future because mining is not profitable at 10k a BTC. But what happens when BTC is worth 20 K next year? Will the company suddenly look profitable? Is some one to making this company look like it is having a bad quarter so they can buy more shares? If you look at the chart you will see massive buy's after a considerable sell off so some one believes in this thing. Including me.
$LEDS can rise in the next daysContextual immersion trading strategy idea.
SemiLEDs Corporation develops, manufactures, and sells light-emitting diode (LED) chips, LED components, and LED modules and systems.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,13;
stop-loss — $2,69.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Semi-conductors Are Looking Kind of Short (SOXS)Large descending triangle emerging in semi-conductors (SOXS)/technology (TECS)/biotech (LABD) which is a very worrying development. I've shown my favourite one but please check out the others. News has emerged that Trump wants to blacklist Chinese businesses in response to the Hong Kong protests.
Micron Technology: Tight Flag as 50-day SMA Turns HigherMicron Technology has staggered since the market crashed in February and March. The chip stock is very sensitive to the economy because of its reliance on the cyclical memory-chip market.
If the global shutdowns continue, MU faces the risk of falling orders and prices. But if things recover, it controls a valuable corner of a strategically key industry.
This feast-or-famine scenario has played out on the chart as MU hugs $45. That level was important in mid-2019 and again last December. The 50-day simple moving average (SMA) also turned positive last week.
MU has a formed a mini-downtrend / bullish flag in the last month that now has breakout potential. With optimism about the economy spreading, buyers may get more active if $45 holds and resistance around $47 breaks.
Bullish Cup & Handle formation on $AMDIt is very clear that AMD is going to be a few node sizes ahead of Intel for the next few years. On top of that, they will be dominating the console and commercial server market. AMD is highly undervalued here and wouldn't be surprised to see a full 100% extension of the cup by the end of this year.