UCTT: a bearish butterflyLong, due to a potential bearish butterfly (might even be a crab) in development. Awaiting for CD completion and a reversal zone of 44.5+ if does not get extended beyond that
UCTT trade ideas
UCTT.NAS_Bearish Breakdown Trade_ShortENTRY: 29.89
SL: 33.89
TP1: 26.33-27.53
TP2: 23.89
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Entry based on 9 May 2022 breakdown from range to ATL and >3% rebound off 10EMA. Would like volume to be higher.
$UCTT go long, potential outperformer in semi equipment spaceUCTT has begun to outperform the overall semiconductor industry represented by the etf SMH. The trend has clearly been broken on the weekly chart.
There has been a good amount of volume in this week so far, creating that very bullish weekly candle. Hoping we finish strong this week. Looking to create a position if it shows continuation.
EV/EBITDA ratios for the leaders in the semiconductor manufacturing equipment; as you can see UCTT has the best one since any EV/EBITDA below 10 is considered healthy.
8.2577 UCTT
16.5404 AMAT
19.0102 LRCX
18.1225 KLAC
US Stock In Play: $UCTT$UCTT supported on its ATH VWAP support with a cup and handle pattern. Friday's high volume ($50mil dollar vol vs $20mil avg dollar vol) strong close at +7.6%, exceeds its ATR of 4.74%.
fundamentally strong company. what I dislike is that it doesn't trend cleanly on its 50MA
$UCTT Need a Better Risk/Reward SpotI've posted about $UCTT recently but dropped off my list on its most recent 50MA break
It surged back on Friday to close below supply line.
Not a good structure to manage risk.
I would not be a buy if this BO Tues but on watch if it could quiet down at these levels (orange bars)
$UCTT Big 9 Month Base$UCTT big 9 month base. Not ready for tomorrow but something to keep close eye on for potentially next week if market can hold its ground here.
UCTT - Trend Break, then 70sI think UCTT has some good momentum and will break above the resistance trend line, probably after a minor pullback. I bought a little today, and will buy more if it retraces back to the 20ma.
UCTT - Ultra Clean HoldingsBought small position (~40bps risk) as UCTT broke to a higher-high & the weekly VWAP. Will add more to position if it follows through next week.
Looking for follow through after a 26% run from its PEG back at the end of October.
crossing EMA (short)Stock was holding both EMA20 and EMA50 as it's support area. Then it broke down the support level and then EMA20 and EMA50 has crossed, it's the sign of opening a short position, now it's retesting the crossed area and I think the stock will drop until the next support which is EMA200. GOOD RISK/REWARD RATIO.
$UCTTSuper strong price, volume and relative strength action.
Bought 1/3 position at $61.9 on 2021.04.01.
UCTT Don't get Left Behind Beautiful setup going forwardNot financial advice.
In the short term coming up to 70.00 before retrace so some potential for a quick in and out 10% and wait for price drop.
This company has a nice setup and being a chip shortage i see nothing but demand and more upside price movement going forward.
Pattern consistent. It retest basically the .5 fib level and bounces 40%
You'll see where it keeps taking out higher and higher support zones. It was 40. Now it's 50 and now if pattern stay true it'll take out 56.00 support level after the retest.
So going forward
Entry 56.-56.50 range for it to go up 40% from there.
It wont come down to this level overnight. Patience is key for super good long term gains.
Get in 56.00 so when it goes to 80+.
Support the legalizedhustler
#hustlabynature
#financialnostradamus
#poorfromtheoutside
#PFTO
Ultra Clean Holdings: next goal 47$
For me this is a value stock. It has a value behaviour. With the correction that it is having in these days it's has a good point of entry if you want to ride in this stock. Next goal is 47$ by Fibonacci.
$UCTT Ultra Clean Holdings On verge of Breakout
This is one to keep on your watch list for a major breakout.
Today the stock managed to reclaim the 200ma as support and
is now wedged under the descending channel trendline.
The stock has suffered quite a horrific few months since
earnings so we have to be aware that this may be nothing more than
a relief rally.
$UCTT Ultra Clean Potential Reversal trade
The stock may have finally found support the Fibonacci .618 level after a horrid selloff.
Potential entry above $20.30 with the 200ma @ $21.65 as first major target
UCTT BUY OR LONG , TARGET UP TO $36UCTT Confirm the " Cup and Handle " pattern and aim to reach $36.
UCTT buy : $27.70 - 28.
UCTT target : $37 +-0.5.
Stop loss : 8%.
Wish you a good deal !
UCTT meets all CAN SLIM requirements and cup is formingThe fundamentals look good and the technicals are looking great. Especially in light of the coming 5G cycle that will be a huge catalyst for semiconductor companies. When Apple releases its 5G iPhone, I think we'll be off to the races.
Long UCTTConfluence of 21 day EMA and its most recent support level
Good relative strength
High probability of testing/breaking out of its recent high
V BottomEarnings over Be aware of old R overhead Could be a C&H Break out for either is over prior yearly high
Resistance level one has been broken. But there is a gap below to fill. Resistance may be encountered at high of 34.59 from several years ago. Some say resistance from years ago do not count. I think it does/just my opinion but resistance and support levels are made to be broken. Large Players are buying this one. Still I think most gaps fill. This one may be a struggle later on..just a feeling
Be safe/Not a recommendation
$UCTT - Bull flag breakout - Target price $20Bull flag breakout occurred after earnings today, look for a move up to $20.77. Also breached 38% fib level.
Stop-loss can be set at $17.13
