STM is at an important support level and near the bottom of the uptrend channel I have drawn. It is priced quite low according to both financial statements and many analysts. As a result, STM offers a good entry point for a long term investment. Currently, the average buying zone is in the $30-31 area, but if the market allows buying, the $27-28 area is the...
Currently in a descending channel on a daily chart. Looking at a bigger picture we could be getting to good potential buy areas. If you'd like a confirmation look for a breakout of current descending channel. Areas marked to look out for.
Whenever I find two stocks acting well I always want to buy the best but, how to know this? Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors. So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other. In this case NYSE:STM is being buyed more aggressively...
ST Micro Electrics - 30d expiry - We look to Sell at 38.29 (stop at 39.56) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.28 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Early optimism is likely to lead to gains although extended attempts higher are...
ST Micro Electrics - 30d expiry - We look to Sell at 38.29 (stop at 39.56) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.28 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Early optimism is likely to lead to gains although extended attempts higher are...
ST Micro Electrics - 30d expiry - We look to Sell at 38.14 (stop at 39.33) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.21 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Our profit targets will be 35.14 and 34.14 Resistance: 35.00 / 36.00 /...
ST Micro Electrics - Short Term - We look to Sell at 38.030 (stop at 39.300) Further downside is expected and we prefer to set shorts in early trade. Trades with a bearish descending triangle formation. Previous support located at 38.50. The trend of lower highs is located at 41.00. A break of 38.00 is needed to confirm follow through negative momentum. Our...
EURONEXT:STM Might be a potential swing here. Currently trading at 4x its ATR and 4x its relative volume in the past 30min. Chart looks promising for bulls IMO. Support is the 200 MA on the daily so stop loss is TIGHT right now but the upside would be 52 if $46 is broken and held. I would look to NVDA and AMD though to see how the market is going to react to...
Just some lines. Stm seems to be a good company. Goes really well even with the Covid story. Their financials looking good eps: 1.49 eps growth: 10.74% discount rate: 9%
If breakout wait for pull back buy off support line which was previously resistence. else if it pulls back to $36 level, 1/2 full size position with stop loss at less than 33.40 Big Picture story: Microchip Shortage = Demand
Oversold strength levels; down 22% from highs; lowered guidance overblown; buy/sell s/r buy 33.04, take profit 36.65 stop loss 31.79 r/r 2.82; fundamentals show nicely priced growth stock
NYSE:STM [/symbol Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%.
Long swing through February, pick up 40c 2/21 for some profit. Good trend line, drop from lack of guidance back into the channel.
Purchased STM on the dip. Looks like its holding support around $35. I think it will find more support at $37 if it's able to come up early next week. Overall the stock has had steady growth this year like other chip manufacturers in the industry. It also just partnered with Microsoft which leads me to think it will quickly recover from the Carbon Neutral news shock.
STM Retest of Breakout After ER Pullback - Long Simple as it gets. SMH moving with QQQ, STM posted a good quarter and was faded. Long this retest of previous breakout.
What's not to love. Buying into telecom/cellular, defense tech, big data processing with equal sectors. Self-driving cars will need, but market still extremely small. 5 yrs. from now, not so much. Buy and hold. Won patent suit in 2017 to protect GaN chips, which run 80-100x faster than silicone chips and they can make them for same cost. STM needed to...