Get started

Technologystocks

TSM Long 12/23/2020TSM is a leading chip maker for some of the largest tech companies on the planet, including Apple, Sony, Huawei, Qualcomm, and others. It is pushing new all time highs & I bought in anticipation of a breakout to those new highs. I got long half of a position @ $104.14 with a stop @ $101.75. I didn't feel comfortable putting on a full sized position going into year-end, but if the trade continues to work for me, I am looking to add. With an initial stop loss of ~2.3%, I am looking for at least a 5% move from my initial entry price, which is roughly the $109.50 level.
NYSE:TSMLong
by apaqu
Anderson from Colliers reiterated a buy ratingAnalyst Charles Anderson from Colliers reiterated a buy rating on the stock while increasing its price target from $13 to $15. Anderson is bullish on the company's prospects related to Sony's PlayStation 5, which incorporates Immersion's haptics technology in the new DualSense wireless controller. One of the notable additions to the newest generation of the game console is the inclusion of adaptive triggers in the controller, which facilitate a new level of haptic feedback for players. Anderson has been using the DualSense controller and called it a "breakthrough" for Immersion to score such a high-profile design win in a mass-market application. Demand for the PS5 has been off the charts, with units flying off digital shelves within minutes of retailers getting additional inventory after launching last month. "Immersion collects a royalty from each controller and we expect more than one controller will ship per console over time to support multiplayer gaming and to replace worn-out controllers," "The DualSense controllers are already available at retail ahead of the PlayStation 5 console launch." Anderson believes that Immersion will be able to expand into other markets with its haptics technology offerings, and that the company has finally created an "efficient and predictable operating model." www.fool.com The analyst also notes that Immersion's fundamentals are becoming more predictable with 80% of revenue coming from per unit royalties, double the amount from four years ago. seekingalpha.com
NASDAQ:IMMR
by AlenCiken
Alphabet Holds the 50-day SMAAlphabet was the only megacap Nasdaq member to break out on its last set of quarterly numbers. Now it’s pulled back to some interesting levels. First, GOOGL tested its 50-day simple moving average (SMA) on Monday and held that line. Second, that SMA is near the September 2 peak of $1726.10. It bounced around that same level twice last month, which could mean old resistance has become new support. Stochastics are also showing an oversold condition. GOOGL isn’t the kind of stock investors have liked recently. They’ve been focused on smaller and more speculative names like solar energy and electric vehicles. However that probably won’t last forever. Pretty soon attention could return to the big names – especially with earnings season next month. And investors might find a lot to like because GOOGL’s last quarter showed a big improvement in online advertising. Both Search and YouTube benefited. It will also be a special quarter as Sundar Pichai starts disclosing operating income for Google Cloud in the results. GOOGL faces some legal risk because of antitrust actions by the U.S. and several states, but those cases will take years. Now that they’re known, sentiment could turn more positive and the search giant could climb a proverbial wall of worry. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:GOOGLLong
by TradeStation
Apple Holds Breakout as iPhone Cycle Takes HoldApple’s price chart continues to show improvement amid reports of strong demand for the iPhone 12. First, the tech giant started December by breaking above $120 and holding its ground on December 10 and 11. It then proceeded to break $125 and hold its ground again yesterday. This second level is important because it was key resistance on October 12 and 13. MACD has also been rising steadily since early November. On the fundamental front, Morgan Stanley said AAPL’s taking market share amid strong demand in China. Nikkei recently reported handset production will rise almost 30 percent in the first half. Yesterday, Reuters added that AAPL’s planning to produce electric cars by 2024. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Editors' picks
NASDAQ:AAPL
by TradeStation
6
ZOOM Some pressure left before recoveringZM got rejected last week on the 1D MA50 and this is not an encouraging development. The reason is that it brings back memories of the last 1D MA50 rejection on September 06 2019. At that time, it took ZOOM three-four months before it started rising (we all know the parabolic rise more than made up for this 4 month waiting). Even the RSI is printing a similar pattern. In my opinion in order to buy ZOOM, I want to either see the 1D MA200 being tested and hold or a weekly close above the 1D MA50. Next Target $800. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
NASDAQ:ZMLong
by TradingShot
3
TESLA hit my $600 Target. What's next? $1000 eyed early 2021.Back in October when TSLA was coming out of its 1D Triangle, I posted the following idea with $600 as its Target: Last week the Target got hit and yesterday we saw another big green candle (+7.13%). What does this mean for Tesla? Will it be extending the rally and for how long? Personally I believe that as long as it is above the middle (dashed line) of the Channel Up that was created after the COVID collapse (left chart), it will be using the 1D MA50 (blue trend-line) as Support and rebound on every contact. Since March every strong rise was within a +75% to +89% range. Assuming the same pattern is followed, we are looking at a price range within $700-755, before the next consolidation or pull-back to the 1D MA50. The RSI is also near its 6 month Resistance. Once this consolidation is over, the Channel Up shows a Higher High target at $1000 at least. Needless to say, I am very bullish on the long-term on Tesla. The right chart is on the 1W time-frame, and the RSI shows a unique formation. Every time (since at least 2015) the 1W RSI breaks above a Lower Highs trend-line, a massive rise follows. This means that if the Lower Highs don't break now, the next pull-back might be the decisive to do so and start a new aggressive multi-month bullish leg. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
NASDAQ:TSLALong
by TradingShot
5
AMD - Buy SignalAs of this post, AMD has provided 2 recent buy entry with the latest occurring last week. I use support/resistance lines instead of complicated chart patterns and indicators (they are generally lagging and provide false signals). I never play the breakout and always wait for the retest and resumption (breakouts are a losing man's trade because they generally retrace to the last breakout/breakdown area). I don't see anything technically wrong with AMD. It looks like a good probability long trade.
NASDAQ:AMDLong
by XYZ-Trader-
3
Skyworks Fights Back Above the 50-day SMASemiconductors have remained one of the strongest corners of the market. Now Skyworks Solutions could be ready to join the rally. The iPhone supplier has struggled with insider selling despite beating estimates on November 2. But its chart is looking more bullish lately. The first signal was MACD turning positive back on November 30. That was the same day Morgan Stanley and Loop Capital issued bullish notes on iPhone 12 demand. SWKS gets about half its business from Apple. Next, SWKS is just now climbing above the 50-day simple moving average (SMA) after testing it for three sessions. Finally, the chart resembles a cup and handle. September’s low is the cup and November is the handle. That’s a classic continuation pattern investors seek in a growth stock like SWKS. After nearly six months of going almost nowhere, it could be a sign of momentum coming back. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:SWKSLong
by TradeStation
3
Nvidia Had a Bullish Outside CandleBig tech stocks have been snoozing since their frenzied peak in early September. But yesterday, one of the biggest names showed signs of waking up. Nvidia traded down to $518.89, under Friday’s low. It also traded up to $536.50, slightly above Friday’s high. That’s a bullish outside day, a potential sign of buyers getting active. The low was also noteworthy because it occurred along a trendline running along NVDA’s lows since early September. Stochastics were also oversold near the bottom of the range but are now climbing. Third, current prices are right on top of the 50-day simple moving average (SMA) and 21-day exponential moving average (EMA). Trending stocks have a tendency to move away from their moving averages when the trend resumes. NVDA’s fundamentals have also been strong, with earnings and revenue beating on November 18. It drifted along with other big tech stocks, but the Nasdaq-100 has recently tried to break out. Will the bulls look to NVDA next? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:NVDALong
by TradeStation
3
Is the Nasdaq Ready to Move Again?The Nasdaq-100 has been dead in the water since a frenzy of bullishness in early-September, but now it could be coming back to life. The first reason is last week’s break of the downward-sloping trendline we observed on November 18. Second, NDX is pushing again the bearish outside day on November 9. That reversal pattern offered resistance for a while, but now the index is trying to break the top of that candle. Third, prices are finding support above some important moving averages. NDX bounced at the 50-day simple MA (SMA) on November 10. Last week it held at both the 8- and 21-day exponential moving averages (EMAs). Finally, broader conditions could be more favorable. Apple jumped today on hopes of a strong iPhone cycle. There’s also been some M&A lately, biotechnology stocks are advancing and new tech IPOs are coming. Meanwhile, the “reopening” trade may have run its course for now – especially because Covid cases are still rising. Oil is also falling again as OPEC struggles to contain supply and the Fed is talking about pushing down long-term interest rates. (See last week’s Minutes.) All of that could make sentiment shift back toward the growth / technology theme that’s led in 2020. And that would be a positive for the Nasdaq-100. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
TVC:NDQ
by TradeStation
1
EBay Holds Key LevelEBay was one of the surprise breakouts of early 2020. The online-auction and e-commerce stock ripped to new 52-week highs in May and kept flying on raised guidance in June. The strong numbers kept coming in July and October, but the stock just drifted and then slid lower. The pullback landed EBAY back at a key level around $47, the old record peak from 2018. It gapped through that price area in June and bounced near it in mid-September. It’s also close to the 200-day simple moving average (SMA). Speaking of the 200-day SMA, prices tested below on November 10. They quickly snapped back and formed a hammer candlestick, which may suggest the shorter-term decline has ended. Given its strong results and turnaround, longer-term trend followers may look for EBAY to continue higher into yearend. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:EBAYLong
by TradeStation
Apple Could Be Attempting a BreakoutRecent sessions have seen shift toward cyclical stocks and value names like energy and financials. This follows hopes of Pfizer’s coronavirus vaccine restoring things to normal. The key word, of course, is hope . Even if the vaccine works, we don’t know how quickly the economy may return to its previous pace. But for a tech stock like Apple there are things we know . We know the new iPhones are getting orders. (Just look at Qualcomm’s numbers.) We know Tim Cook just unveiled some powerful new Macs with in-house semiconductors. And we know that Big Tech has been the backbone of this market all year. We also know that AAPL has gone nowhere for almost three months. (Its current price is comparable with August 20-21.) This chart shows a falling trendline along the peaks of September 2 and October 13. AAPL’s been fighting it since November 5 and is trying to break it today. The stock has also pressed into a tight range, seen here in the Bollinger Band squeeze. Third, in addition to the trendline, AAPL is fighting back above its 50-day simple moving average (SMA), plus its 8- and 21-day exponentials (EMAs). Finally, MACD has turned positive again. Is the longer-term bull trend in big-cap tech going to return? We’re not sure. But if any stock is going to tell us, it will probably be AAPL. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:AAPL
by TradeStation
My fans have asked and I am responding: semiconductors at limitSomeone asked me about semi-conductors recently because they had (apparently) gone exponential. Well, not quite. I think in response to the election news the past few sessions had been good but going back you can see that its been trading in a fairly predictable range. I can't comfortably call this exponential until it breaks above the overhead resistance and we all know what needs (*ahem) for that to happen (and given the recounts necessary in Georgia and Wisconsin, although Biden will be declared victor the markets will not like the lack of finality and the inevitable road blocks that will be put up by Trump). The other interesting thing is that SOXL is in a very wide long ascending triangle which more often than not tends to break down. More adventurous people could put a small short play into place.
AMEX:SOXLShort
by DanjaZown
1
Is Micron Finally Ready to Move?On Tuesday, we cited the pullback in the Philadelphia Semiconductor Index. Today, we’re looking at a member stock that’s been dead in the water all year: Micron Technologies. Worries about the Covid recession have dragged on the memory-chip maker, despite strong results. Analysts at Deutsche Bank and Citi also think pricing will improve over the winter. MU’s chart has some potential positives for the bulls. First is the falling trendline between the February and July highs. It broke that line three weeks ago and is now revisiting it as support. (Similar to the iShares Trust China Large-Cap ETF pattern on Monday.) Second, MU’s 50-day simple moving average (SMA) just rose above its 200-day SMA: a “golden cross.” There are also potential fundamental tailwinds given the strong industrial data this week from the U.S. and China, plus the upcoming iPhone 12 ramp. Traders may want to keep an eye on MU for a potential breakout. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:MU
by TradeStation
2
Chips Bouncing at the 50-day SMASemiconductors are behaving more bullishly than the rest of the technology sector. First, the Philadelphia Semiconductor Index made a higher high in mid-October. Meanwhile, the SPDR Technology ETF and Nasdaq-100 made lower highs. Second, SOX pulled back to hold its 50-day simple moving average (SMA) while XLK and NDX sank all the way to their 100-day SMAs. Additionally, SOX has been holding support at the same 2132 area where we flagged the channel breakout in late September. Chips also have sentiment in their favor as investors swing back toward cyclical stocks like industrials and financials (the “reopening”/”stimulus” trade). We already got a taste of that with yesterday’s strong ISM manufacturing index. (China’s Caixin showed a similarly powerful industrial rebound.) This trend could drive capital back to semiconductors, which are more economically sensitive. The industry also has secular tailwinds like 5G rollouts and cloud computing. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
TVC:SOX
by TradeStation
CrowdStrike Has Pulled BackOne of the main features of the market lately has been a rotation to non-megacap technology names. Zoom Video Communications, Twilio, Roku, Snap, Pinterest, Zendesk, Etsy, Match, Digital Turbine, Appian, Fiverr and others (including solars) have all shot to new highs lately. Meanwhile the biggest names like Amazon.com and Apple have drifted since the Nasdaq-100’s overbought top in early September. CrowdStrike could be a member of the “new name” club because it only went public in June 2019. The cybersecurity stock rallied along with other software companies between March and September and has been consolidating since. Four potential patterns are now appearing on its chart. First, CRWD’s stochastics have dipped to their most oversold levels since March. Second is the price zone around $130-131. It served as resistance at the top of a bullish triangle September 4-18. CRWD then broke through it and bounced above it on September 24. Prices have now returned to that same area. Third, CRWD has pulled back to its rising 50-day simple moving average (SMA). Fourth, momentum has been bearish over the last two weeks. But recent candlesticks show several potential reversal patterns: inside day on October 23, outside day/spinning top on October 26 and another inside day on October 27. Is it trying to stabilize, potentially allowing the longer-term uptrend to continue? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:CRWD
by TradeStation