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How to Trade the Tech Cold War? BIG SHORT? FA: Global supply chain issues have made the logistics of semi-conductors even more complicated; thus we can expect rising costs and lower profits The Tech cold war between USA and China if led to Chinese retaliation may lead to US semi-conductor companies being hit hard the most as China contributes to 60% of the market demand of semiconductors Skyworks Solutions is predicted to release a decline in earnings for the period ending in June 2020 Decrease in Hedge fund interest when you analyze portfolios TA: Perfect Gann Set up, with the second pull up providing a perfect shorting area with the Stop loss being defined outside of the Gann area You can book profits earlier, but when trading with Gann , you usually book profits at the point where there is a bullish crossover which is when it crosses above the 1/1 region. -Megalodon Whales (Rahim) Enjoyed doing this chart for you, PLEASE Share/Like and Comment
NASDAQ:SWKSShort
by BoSukas
1
Taiwan Semiconductor guidance crushed Street estimatesI saw a couple articles this morning suggesting that maybe TSM sold off today because forward guidance disappointed Street expectations. That's nonsense. Revenue guidance came in about 7% above expectations, and earnings guidance came in about 15% above Street expectations. This company's guidance crushed it . The stock sold off for one reason only: it is overbought. TSM does look a bit pricey, even with the strong guidance for Q3. Even after factoring in the strong forward guidance, I am calculating forward P/E at about 21 and forward P/S at a little below 8. That's about 20% more expensive in forward P/E terms and 34% more expensive in forward P/S terms than the stock's average valuation over the last three years. In this challenging macroeconomic environment, that seems like an unreasonable valuation. It's a reflection of how inflated tech valuations have gotten due to Fed liquidity and investors piling into tech as a safe haven. Having said that, TSM has an extraordinarily strong growth narrative right now, as the company is set to take over chip production for Apple. Formerly Apple's chips were manufactured by Intel. TSM also makes chips for Qualcomm, among other large companies. Thus, I think TSM will continue to outperform the Nasdaq and is a buy on any significant pullback. Ideally, I'd like to see this stock pull back to the volume node near $53.50 before buying, but in truth I don't see that happening any time soon.
NYSE:TSMLong
by ChristopherCarrollSmith
$CMCM can rise in the next daysContextual immersion trading strategy idea. Cheetah Mobile Inc. operates as a mobile Internet company. The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $2,71; stop-loss — $2,41. 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!
NYSE:CMCMLong
by KozakHlib
Netflix: More upside potential. $700 realistic before profit-takNFLX is trading on a long term Channel Up on the 1W chart (log scale) since early 2013. Despite being overbought (RSI = 79.335, MACD = 45.450, ADX = 45.358, CCI = 303.3862) with the earning approaching, Netflix has still room to grow before the next selling wave within the Channel takes place. Both the LMACD and RSI are on levels where the price previously posted one last run to the Channel's Higher High, before it hit the Resistance Zone (red ray) and pulled back. We have a Target Zone for NFLX within 700 - 800.00. It is beneficial to add here that these long-term projections on NFLX have been particularly useful to our strategy. See our previous trading call on this stock in September 2019 when the price was trading at $260. The price is now more than double and approaching our (then) target of $650: ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:NFLXLong
by InvestingScope
2
Twitter: Emerging Golden and MACD cross. Bullish mix.TWTR was rejected yesterday on the 37.00 Resistance which was the June 8th High. The 1D chart remains bullish (RSI = 63.007, MACD = 0.470, ADX = 33.487), the MACD made a bullish cross and the MA50 is about to cross over the MA200 (Golden Cross). This is a very bullish mix for Twitter and we encourage investors to buy either if the Resistance breaks, or on the next pull back to the 1D MA200. Our Target is 42.00. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:TWTRLong
by InvestingScope
Amazon: Achieved our 1 year Target. Expect a pull back on 1W.In February while the price was still $2,000 we issued a buy recommendation on AMZN to $2,800 - 3,200: In fact we were after the $3,000 target since December 2018 while Amazon was almost half of what it is trading at now: We are at the top of that Target Zone now and the 1W chart is once again showing exhaustion signals. It is not the overbought technicals (RSI = 84.087, MACD = 241.970, ADX = 60.038), but primarily the fact that the RSI has entered the red exhaustion zone which in July 2015 called for a pull back and two month consolidation. Our suggestion is to buy next month again and target 3,500 - 3,890. That is where we expect the next pull back (to the 1W MA50 potentially) to take place. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:AMZN
by InvestingScope
2
Not done yet - the Tech storyTech is still driving markets, valuations and sentiments up. Little doubt about it. This is also the only pillar holding the market up, as other sectors lag behind in a straggling manner that almost appears unwilling. Technically, the daily chart is Bullish, as is the weekly chart. In fact, it is so bullish that one might expect a breakout of an ascending triangle! Warning is to watch for the reversal and break down back into the triangle, as this is likely to fall out on the other end... downwards. The chart is marked for potential resistance and turning points, both in price and MACD. Meanwhile, (very cautiously) bullish for this week, make hay while the sun shines....
CME_MINI:NQ1!
by Auguraltrader
2
Microsoft Vs other major asset classesThe chart depicts the percentage rise in value of Microsoft Shares vs. other major assets like Gold, Silver, Platinum, Palladium, Barrack Gold that are generally considered to be safe heavens. There is a reason why investors do not go all out into these safe heaven. The questions is this: Is it time to put your money into Microsoft and Tesla or should we wait now. Have we missed out the train? Has the era of Technology about to end like the dot com bubble?
NASDAQ:MSFTLong
by SyedNHashmi