XLNX expected breakout after consolidation and a flat base (similar to a cup and handle from William O'Neil) above $225. AMD in a similar pattern should carry it higher with the expected merger in Q1. A breakout above $225 should ideally happen on higher than average volume.
Consolidation has been broken upwards with a minimum target of around 200. Semiconductor shortages may push prices up.
Weekly: There is a bearish divergence on MACD-H and EFI. Currently a new top is forming but it has less power then its previous top. There is an ATR channel divergence as well, as on EFI Daily: There is a bearish divergence on MACD-H and MACD lines, as well as an ATR channel divergence. Stochastic RSI turning down. Last candle tried to tick up but after this fb...
NASDAQ:AMD is slightly up today, POSSIBLY on the hopes that the XLNX acquisition will be passed at their meeting. I am still bullish on AMD with the first price target being at the 50% fib retracement level of $84, and the second being $89. Options activity has been 3 to 1 calls to puts for this Friday with the average strike price being $82, which suggests we...
Continuation Trade Reward/Risk: 2/1 Entry: 141.43 or at a lower price Stop: 127.00 Target: 170.00
Broadening falling wedge pattern on #XLNX
Today near the close took place a correction for some big cap stocks, but in the last 20 minutes there were a lot of buying action. Xilinx NASDAQ:XLNX was the perfect example as it dropped -3% but closed at -1.70%. This could be because is close to a support in $142, which was an ATH on 2019 that couldn't hold and then dropped hard for 14 months. Now it has gain...
The positive upbeat news coming for chip makers and $XLNX is one of the one worth to watch for a new uptrend. $113.36 is a buy point but if you want to take a risk you may get it above $103.74 12 months Consensus Price Target: $99.24 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own...
SPX (blue) and XLNX (red) emulating each other on the charts for the past month. XLNX breaks out today. Maybe, the same to come for the SPX SPX to 3400.
XLNX created an inverted head and shoulders pattern after a long downtrend now broke above 92$ and looking to make new highs close target at 100$
After brokeout the daily 50SMA pulled back and holded above. It has been for 4 days above 50SMA which is a good signal to be long.
Play at your own risk.
XLNX Quick swing for 5.73% Volume bar 20 Dec gives momo, tramline breakout, and back (with long hammer doji) to tramline, now support. Very likely to enter, and therefore fill gap. Gap is 3.2% so gives you decent RR BUY 97.65 (MARKET) SL 96.25 TP 103.25 RR 4.0
XLNX had a sudden Inverted V Topping Formation during the summer of 2019, but has recently filled the gap down and is moving up to a bottom completion.