ENTG trade ideas
LONG ENTG 042224I like longing Entegris here, we are fast approaching the ERL but within the IRL range and as such I am looking to take a long here to target 131 at the big gapper from February 8th.
First week may provide some boosts with earnings tailwinds but some selling may carry at open. If the first three digits read 120 I am jumping in.
Happy Grazing,
ENTGEntegris, Inc. is an American provider of products and systems that purify, protect, and transport critical materials used in the semiconductor device fabrication process. Entegris operates out of its headquarters in Billerica, Massachusetts.
Potential buy/long.
Bullish Alert on ENTGBullish alert and the price already broken the solid base created during the last week.
ENTG Bull Flag BreakoutLooking to buy the retest here of the bull flag and take profit at the 1.618 fib. May retest the blue trendline in the future. If it does ill buy there as well.
ENTG prepping for move...ENTG with a nice bounce off support from yesterday's low. Good triangle formation here and with FOMC tomorrow as a catalyst expecting a breakout move.
ENTG, Resumption of down trend.ENTG was strongly rejected from strong resistance shown on the chart !.
It more than likely has completed wave B of an ABC form of correction which means next down going wave ( Wave C) has been started.
Fibonacci levels and broken down trend line which now acts as resistance have been shown on the chart. This confluence possibly prevented up going counter trend correction ( labeled as wave B) from further progress.
Stochastic indicator has made a bearish reversal in overbought zone. Also, Stock lost last minor low (132.18) yesterday which was a confident sell point . These signs can make our analysis more robust.
Our target which can also be a possible buy point( position reversal) has been obtained based on down going parallel channel characteristics, Fibonacci levels of larger degree waves and static supports below labeled wave A. This support is shown on the chart by a green rectangle .
As stock passed a confident sell point traders can wait for a minor counter trend correction to open a short position or they can open it now . This is the matter of risk management but it is wise and a must thing to do to set a stop loss objectively and carefully . My suggested stop loss is top of labeled wave B.
Good luck my friends.
$ENTG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ENTG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
4/3/2022 NASDAQ (ENTG)Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $125.48 /$124.54
Target Price: $123.52 / $121.64
Stop Loss: $127.44
Did ENTG Just find support?I originally found this stock through a FINVIZ screener. It has awesome Fundamentals And Technical for a buy. But we defintly need to wait for conformation to buy, unless your risky. Earnings is coming in 2 days from now and if the market reacts positively I'd say its definitely time to enter a long term Long Position on this stock.
FA
With a consistently growing Assets, Revenue, and Income over the past 5 years. Fundamentally there is nothing telling me on the balance sheet side that makes this stock a short.
There current Ratio is 4.2 which is huge, and there debt ratio is all the way down at 25% This company has a lot of money sitting around waiting to be used and make lots of profit. Once they do this stock should go crazy. They currently have a market cap of 17 Billon so they are decently sized too.
TA
This stock has been on an uptrend for well over 10 years and hasn't seen any huge drawdown since the housing crash.
It has came down 30% in the past 50 days, I have a feeling that way to many people sold this on its way down.
With and RSI at 27 and an SRSI around 5 tells me this stock is very oversold.
Additionally with the MACD as low as it is there is huge upside potential.
Also the Fib Lines show that we may be at a very crucial support right now, applying another fib lines to the current correction would show good levels to take profits
Long ENTGEntegris indicates a good range bound buffalo pattern. Appears to have EPS avg of 30% over the last 5 years and forecast of 16% in the next Y.
Stop Loss = 127
ENTG - Short SetupBreak below $146.53 Target $136.67 Target 2 Momentum. Stop: $153.33 Recent insider selling with divergent TMF
ENTG looking to go higher after breakout?* Great earnings
* Very strong up trend
* High RS in the tech sector
* Breaking out of a ~5 month consolidation period with higher than average volume (44.18%)
* Max probable ROI is 31.28%
Trade Idea:
* Now would be a great time to enter as the price is still very close to the broken level and volume is very high
* If you're looking for a slight discount you might want to pay attention to the $130.47 area
ENTG BreakoutENTG broke out of 6 month long base
Breakout with more than average volume
Price above 200 DMA
The best part is, it is showing great relative strength
$ENTG 5 Month BaseBig constructive 5 month base on $ENTG setting up a nice little pivot right about the 50 MA. Could be the point from where it attempts a solid breakout.
Long Entry ENTGPossible dip entry. Keeping low RR ratio because market been on uptrend for a long time. There will be some retracement soon.
$ENTG: C&H breakout will take the price to $113Nice recent volume bars and with a breakout of the cup and handle formation may take the price to the previous high area: $113
Potential target: $113
Stop Loss: 20EMA
On watchSetup is very similar to the $PZZA setup posted a few week ago. Cup and handle type pattern.
$ENTG - reversingWatching this one after breaking the DT.
It is "on sale"
I want to see the MACD move to the positive position quickly and see that histogram cinch.
Alerts are set
$ENTG with a bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $ENTG following a positive over reaction after its earnings release placing the stock in drift B
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Channel trade ENTGWith all the hype around semiconductor and chip stocks ENTG was bound to have its turn.. they don't neccesarily make chips but handle the waste from the production of chips amongst other things.
White lines are the channel
Yellow line was the downtrend breakout or double bottom
Greenlines/Targets are all fib ext
Macd is crossing bullish
RSI and MFI are in great position
Strong volume last 2 days indicating reversal
