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Semis

Monolithic Power | MPWR | Long at $580.00Monolithic Power $NASDAQ:MPWR. If the semiconductor market continues to get attention in connection with AI, there may be a bounce here near $580.00 as NASDAQ:MPWR enters my historical simple moving average area. However, a further dip into the high $400s wouldn't surprise me (tax harvesting season is in session) and doesn't change the thesis as long as the overall trend continues to stay positive. While NASDAQ:MPWR is a strong company with growth predictions on the horizon, it has a 65x P/E, 46x price-to-cash flow, lots of insider selling, and some near-term concern if the economy shows weakness. From a technical analysis perspective, though, it's in an area of opportunity as long as semis stay a "hot" investment. Thus, at $580.00, NASDAQ:MPWR is in a personal buy zone. Target #1 = $690.00 Target #2 = $745.00 Target #3 = $825.00 Target #4 = $908.00
NASDAQ:MPWRLong
by WorthlessViews
Applied Materials | AMAT | Long at $169.75Republican Ashley Moody recently dropped $200k-$500k on Applied Materials $NASDAQ:AMAT. The semiconductor boom may not be over... Price-to-earnings: 21.68x (great in comparison to others...) Debt-to-equity: 0.34x (low) Cash flow: $10.4 billion (FY2024) Insiders awarded options recently Unless NASDAQ:NVDA brings the market down, NASDAQ:AMAT is in a personal buy zone at $169.75. While the price may dip in the near-term to the $140s, bullish until the semi boom dies... Targets: $195.00 $215.00 $240.00
NASDAQ:AMATLong
by WorthlessViews
Direxion Semiconductor 3x Bull | SOXL | Long at $30.00So many semiconductor companies... which one to choose? Enter AMEX:SOXL - not for the faint of heart. Losses and gains triple compared to most semiconductor ETFs, so stay away if high-risk plays aren't your thing. The top three holdings are NASDAQ:AMD , NASDAQ:AVGO , and NASDAQ:NVDA - two of which are at all-time highs... I wouldn't be shocked if AMEX:SOXL enters the low $20's to test the base of my historical simple moving average area, but I don't think we are done hearing about AI and the semi demand. There are large gaps to fill above and below the current price and we are at the 50/50 stage (i.e. historical simple moving average zone) for a price move up or down. My bet is up, especially with the new presidential administration. If politicians start dumping semis, I'm out. Thus, at $30.00 AMEX:SOXL is in a personal buy zone. Target #1 = $35 Target #2 = $40 Target #3 = $50 Target #4 = $60
AMEX:SOXLLong
by WorthlessViews
1
Intel | INTC | Long at $20This is going to be purely about technical analysis since Intel NASDAQ:INTC has a 90x P/E and has not proven themselves to be a viable challenger in the semiconductor market (yet...). Bad news could continue to destroy this ticker, but without that news, there could be some recovery in the near term. The NASDAQ:INTC chart is in an overall downward trend. However, based on a few of my selected simply moving averages (SMAs), there is some predictability around support/resistance areas. Some of my favorite setups are a nice bounce on the lowest (green) selected SMA, occurring in October 2022 for a "rip then dip" to the second lowest (blue) - which it hit now. Often, but not always (I can't stress this enough), this green to blue SMA bounce represents a very strong support area during a downward trend. The other move is a further dip to retest the green SMA, but I suspect that would come with tremendously bad news for Intel... let's hope not, though. Currently, NASDAQ:INTC is in a personal buy zone at $20.00 based on technical analysis only. A stop has been set if it drops below the blue SMA (which is may further test). Target #1 = $28.00 Target #2 = $32.00 Target #3 = $60.00+ (very long-term, but high-risk unless fundamentals change)
NASDAQ:INTCLong
by WorthlessViews
How to BRR 101Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s). Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least). Path to targets is the solid black line. Bullish channel its respecting is the dashed blue channel, every time it dips outside of that it gets bought up fast: - Initial target = 187.50 by 2/9/2024 - After that hits it will pullback to around 176 - If 176 can hold as support it will make one final run to 192-199 by early March 2024 Trailing Stop loss is 2 consecutive closes below the dotted red line. Entered Feb 16 175 calls for 3.50 on 1/31/2024 (underlying 167.67)
NASDAQ:AMDLong
by JerryManders
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