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Semiconductors

Nvidia Bull Consolidates Before Run Continues Prior to trade talk resumes, Nvidia is seen here to be expected to consolidate further before it bulls run. US Recession signals are still being digested by the market as 3 month and 10 year yield curve inversion leads to global equity sell off. US Tech industry is expected to further consolidate as markets anticipate the outcome of trade talk. Trade talks have proven to be unpredictable due to Trump eccentric stance. Trump has been giving positive expectation while actual negotiator Robert has announced "more work to do" previously. Trade war can move both way and markets are not expected to turn optimistic and bullish too early before clear signals by officials.. Ascending triangle is seen forming. Equity broke triangle range due to positive company news "of Mellanox Acquisition and Clearance of Crypto Hardware Inventory". Sentiments retreat will lead to the equity to consolidate further before further run. Strong support line is expected to cushion the consolidation before bull continues. Good luck!
NASDAQ:NVDALong
by Iapiew
LASR -LONG base consolidationMaking new highs and higher lows. Nice consolidation along base. Earnings winner. Moving averages splitting open. MACD up. Double bottom. Volatility factor slightly rising, and quietly trending after earnings. Positive fundamentals. I like so many things about this one! Using 10% stop loss from entry for future to better track my results, which is near swing low $19.91 0.2% capital risk Also considering re-entry on $VG after seeing rejection of sell off @ earnings report, watching for now.
NASDAQ:LASRLong
by KAS109
AMD Short - Support Turned Resistance The AMD chart has a few key things that caught my attention and I figured was worth sharing. Charting a fibonacci retracement from our absolute peak in September 2018, and the subsequent October 30th and December 26th lows, we can see some key levels for AMD stock. We can clearly see that AMD has strong support in the $16-17 price range, with the two reversals which were staged then. Both of those recoveries met strong resistance at the $20 level, which happens to be the 78.6% mark off of the $34 high AMD saw. Since then we have seen AMD break the $20 resistance and move up to tap $25 on January 31st. Previously $25 seemed to provide support for the stock, when AMD fell off of its September highs it stopped at that price level, a 50% retracement, and then it continued upwards meeting resistance at the 38.2% line (~$27). We can now see that 50% retracement point as resistance to AMD's momentum after a 2nd rejection that just occurred in the past two days. There are several factors at play encouraging my short position on the stock for this short time period. Long term I can see myself turning bullish on AMD with a good trade deal and some strong signals that economic growth isn't stagnant. Short term, and I mean immediate short term, I don't expect it to impact the next week or two. It could lead to a bump, which could be magnified in semis given their production relationships with that region, but I would go so far as to argue that the market expects a deal to be made at this point with the recent rally and also considering that the White House's announcements regarding trade this week have all been very positive. Since Trump has already announced delaying the tariffs that catalyst should be absorbed by now, he noted that they will "probably" meet later next month. I don't see many other bullish catalysts for this stock following the rejection off that new resistance point, I say this because they have already revealed product lines, they don't report earnings for a bit, some more recent large partnerships are already announced and I am thinking trade may have a muted upside for the near-term. I do, however, see more bearish catalysts for this very narrow period. While a more dovish fed came across with Powell's speech, the underlying message was not positive. Yes, the market doesn't like the Fed raising rates, but it is concerning that the Fed doesn't feel like economic growth is strong enough to continue on the path or raising rates to more "normal" territory (hard to say what normal is there anymore). If the market ends up responding more poorly to this, then I think it is fair to say we'd see AMD get dragged down with the broad market. Not to mention that from a more macro perspective we've already busted our nut with the TCJA and corporate tax rate cuts. As I've already noted that I don't think we will see another trade deal announcement this week or next lends to little upside there, but if we see issues with a trade deal at any point in the near future that would definitely be quite an interesting catalyst (I don't think this is likely, still fun to ponder though). Back to the more technical side. With $25 looking like new resistance, declining volume and a lack of near term bullish catalysts, I expect AMD to make it's next move downwards to at least a $23 support point. If AMD cannot hold $23 then I would expect it to continue down to where the moving averages are converging (~$21 level). Based on this assessment I will be taking the following positions: AMD Puts $25 Strike Expiring 3/1, AMD Puts $24.5 Strike Expiring 3/8, AMD Puts $22 Strike Expiring 3/16. I am not your financial advisor, you are responsible for your own trading activity. Happy trading!
NASDAQ:AMDShort
by Captainsmugglebutt
11
Earnings for VECO: Short Term V Bottom for Swing TradingVECO is reporting earnings today. The stock has been slowly trending up out of a wide short term V bottom formation that is incomplete at this time. Swing traders should find short term bottoms early in the development to plan a low-risk swing-style entry ahead of earnings news. The current candlestick pattern is taught in the TechniTrader Swing Trading course. Veeco Instruments Inc has been in a long term downtrend. The lows have moved price up twice. The all-time high is around $117 and it has just moved above the $10 price. This company is in one of the industries that are creating new displacement technologies that are coming to market in the next few years.
NASDAQ:VECOEducation
by MarthaStokesCMT-TechniTrader
Semiconductors - almost to the 5th wave down. LOAD UP on SOXSSemis swinging nicely in this range bound pitchfork. Volatility increase near the outer bounds, and we are almost there. Clear 5 wave count to conclude at the long term bullish trend line. This is my short term trade to the downside using SOXS 3x bear, and will reevaluate my next move when this target is hit. There's still a long term bull target on most indexes (including Semis) that has not been hit. I'm keeping that in the back of my mind, but for now staying bearish on this move. Ignore the time based fib if you want. I rarely use it, but it helps fit my narrative for now.
NASDAQ:SOXShort
by warrenbudget
Verizon Short Short based of channels and fibs My Entry: 63.50 - 64.50 (any entry in that range is okay) Stop Loss: 66.02 PT: 59.00 Risk/Reward: ~1:266 Ive been planning this trade for the past 3 weeks and it is finally coming to fruition. The reason the r/r out of the gate is slightly under 1:3 is because I would rather keep my inital stop slightly looser, so that in case of a slight over extension I can be slightly more flexable at first, wait to see the trade go in my direction and then tighten the stops down and potentially add. I will post updates as that happens for anyone that is planning to participate in this trade. If the price flips where my projections tell me, I will pull my stop to 65.00 and add size so that the r/r will shift to about 1:4.
NYSE:VZShort
by craig_percoco
4
AMD Short - might be your last chance. $21 to $14I've been playing the AMD run up from $20 to $32 with Call options, Shorted $32 because if you look at the weekly, its a trendline from the 1990s, and closed my Puts around $16 because it was a fib level. This chart plays like a cryptocurrency except that it's easier. Out of curiosity I looked at a few "short interest" indicators and lo and behold, most of the run up to $32 was just a massive short squeeze an long with analysts pumping the projected price. Just like a cryptocurrency. As you can see now, we're making a head and shoulders on the daily, and the last time we had this little shorts was in August, and on the 4hr we're extended and making bear divs. Target... $16 before the end of the year, maybe $14.
NASDAQ:AMDShort
by teckno05
6
Inverse Head and shoulders formation for semicondutors ETFBackground: Bullish trend finished on resistance 171 price level. Tripled top on sept 27, 29, and oct 04 on RSI on 70, then channeling wide and volatile through 140-160 price levels. First: SHOULDER formation oct 02 starting RSI 65, 160-114-128 price oscilation. Second: HEAD formation oct 17 to nov 02 starting RSI 62, 128-84- 114 price oscilation. Third: waiting on heavy resistance a second SHOULDER formation. Best escenario: 122-112-128 on 18 days; Mid Escenario: 116-10-128 on 22 days; Worst Escenario: 114-88-128 on 26 days. Notes: - wait consolidation correction of this bull trend to complete de H&S patterb formation - we need to see another bottom for the escenarions on November 12-15 - critical eventes: NVDA earnins 11-15-2018 (This will mark any movement)
AMEX:SOXLLong
by gabcab18