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Semiconductors

Advanced Micro: If at First You Don’t Succeed…Advanced Micro Devices was the S&P 500’s top performer in both 2018 and 2019. It’s having another positive year, but remains trapped at a key resistance line that started in late February. AMD tried to break out last week after finding support at its 50-day simple moving average (SMA). It peaked out after the Fed meeting, along with the rest of the market and quickly fell back into its range. The next day brought the S&P 500’s worst drop since mid-March, but buyers still defended AMD's 50-day SMA. And, it’s holding that line again today. Bollinger Band width shows how tightly AMD has traded as prices squeeze between the 50-day SMA and the trend line. This may create the potential for a strong run if the stock closes much above $56. It’s also noteworthy that the current price zone is above its long-term high of $48.50 from June 2000. That may add fuel to the fire if it breaks out and starts running. AMD is one of the most active options underliers, averaging more than 350,000 contracts per session. Momentum traders know this name well. The bulls tried and failed last week. But will they give it another try soon?
NASDAQ:AMD
by TradeStation
1
$MX can rise in the next daysContextual immersion trading strategy idea. MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The share price rose after announcing the director of the company, Camillo Martino, bought shares for more than $100,000. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $12,67; stop-loss — $11,92. 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:MXLong
by KozakHlib
NVDA: Is This The Start Of A Multiyear Bull Run?NVDA 1M: 2016 - Price formed "U" at/below previous ATH. Slow Stochastic hit overbought then formed "U". Price then broke the ATH and the following bull run lasted 2.4 years and returned 600%+. 2020 - Price formed "U" at/below previous ATH. Slow Stochastic hit overbought then formed "U". Price then broke the ATH. The 2020 NVDA chart + indicators share many similarities to 2016 NVDA. Is this the start of a multiyear bull run for NVDA? Link to my previous NVDA charts below.
NASDAQ:NVDALong
by ll21LAMBOS21
1
Either price discovery or price manipulation or lets lookEither price discovery or price manipulation or lets discover how we can manipulate this stock to a new low so we can buy it before Block chain Mining and A.I. blow up any more then they have already. - yes this is an emerging market (speculation alert) - yes this is a tech stock - (speculation alert) - so the official story is that Bitcoin will be less profitable in the future as half the bitcoins are being produced every ten minutes for the next four years. But any crypto kid will tell you if the supply dries up by half then the price should increase. But this company just offered no guidance for the next quarter saying they don't know how they will make it because of too many factors... S0 they may be telling the truth and this company will not sell any products in the future because mining is not profitable at 10k a BTC. But what happens when BTC is worth 20 K next year? Will the company suddenly look profitable? Is some one to making this company look like it is having a bad quarter so they can buy more shares? If you look at the chart you will see massive buy's after a considerable sell off so some one believes in this thing. Including me.
NASDAQ:CANLong
by altcoinnerd
$LEDS can rise in the next daysContextual immersion trading strategy idea. SemiLEDs Corporation develops, manufactures, and sells light-emitting diode (LED) chips, LED components, and LED modules and systems. The demand for shares of the company looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $3,13; stop-loss — $2,69. 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!
NASDAQ:LEDSLong
by KozakHlib
Micron Technology: Tight Flag as 50-day SMA Turns HigherMicron Technology has staggered since the market crashed in February and March. The chip stock is very sensitive to the economy because of its reliance on the cyclical memory-chip market. If the global shutdowns continue, MU faces the risk of falling orders and prices. But if things recover, it controls a valuable corner of a strategically key industry. This feast-or-famine scenario has played out on the chart as MU hugs $45. That level was important in mid-2019 and again last December. The 50-day simple moving average (SMA) also turned positive last week. MU has a formed a mini-downtrend / bullish flag in the last month that now has breakout potential. With optimism about the economy spreading, buyers may get more active if $45 holds and resistance around $47 breaks.
NASDAQ:MU
by TradeStation
2
Philadelphia Semiconductor Index Drags the QQQs HigherChips have been one of the strongest industry groups in the last several years. The drivers are mobility, cloud computing, gaming and increased semiconductor use in general (including autos and industrial devices). 5G is another looming catalyst. Today the Philadelphia Semiconductor Index is on pace for its highest close since coronavirus first hammered the market on Monday, February 24. SOX has spent almost an entire month battling its way above the 200-day simple moving average (SMA) and now even its 50-day SMA has turned positive. Meanwhile, various reports hint that the economy is rebounding. For example: the New York Empire index and consumer sentiment last week and NAHB’s sentiment index yesterday. (These cover May, not April.) In the old days, investors played an economic recovery with banks, retailers, energy and transports. While those stocks may also benefit, chips have become the new bellwether for the economy in general. So if a recovery is here, traders are now just as likely to buy semiconductors over those “ value ” buckets. SOX doesn’t have any obvious chart patterns, but its price action seems to reflect confidence in a recovery. Traders may want to look for opportunities in the space – especially in names like Teradayne that continue to hug their 200-day SMAs. Chips are also among the most active underliers in the options market, which may provide traders with opportunities as well.
TVC:SOX
by TradeStation
AMAT: Chip Giant Tries to Clear Bullish TriangleSeveral technology stocks have formed bullish triangles as they consolidate from the last few months’ of volatility. These include Microsoft , Salesforce.com and Mastercard – all playing out to the upside. Today another appears on the list: Semiconductor-equipment firm Applied Materials . AMAT has been trapped below its 200-day simple moving average (SMA) since mid-April. It’s also started making higher lows this month, resulting in an ascending triangle with the potential for a breakout to the upside. The stock is also eclipsing its April highs now. That will likely trigger some alerts for momentum followers. AMAT reported decent earnings on May 14. Given its central role in the chip space, it’s very much a play on semiconductors overall. If you’re a believer in the industry and not too worried about Trump and the Huawei threat, then you might want to check out AMAT as it attempts to clear this triangle.
NASDAQ:AMATLong
by TradeStation
ENPHASE (ENPH): This Chart is Absurdly Bullish✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Enphase (ENPH) has been an absolute beast, not just in terms of its chart, but in terms of other factors like earnings. After another quarter of strong earnings, the premium the market is willing to pay for this microinverter maker makes sense. Despite some risk due to a potential slowdown in the months ahead for the industry, we think there is still room to play the uptrend. As such, all we are looking for here is enough of a pullback in price to give us a long entry. Resource: seekingalpha.com + www.fool.com + www.greentechmedia.com --- 1. Fractal Trend has been showing an uptrend (Aqua bar color) on the 4 hour timeframe for almost 2 years now. There has rarely been a bad entry since then. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua). 3. We are currently assuming the uptrend will continue, and as such are looking for a pullback to the nearest relevant support level to enter long. S1 looks like it will give us a great entry if ENPH can pullback enough to let us in. 4. This trade only has two relevant exit conditions. Either we close at our target, or we close if our stoploss is hit. 5. If for whatever reason S1 doesn't hold, we have mapped out a few other key levels to watch in the future. S2 is a good candidate for support on a deeper pullback due to the orderblock and S/R flip. S3 is the last support before the price inefficacy gap below. And S4 is a major support range that represents a final hope for Enphase bulls if S3 can't hold. 6. Lower levels aside, the idea here is simple, we are taking a stock that is in a strong uptrend, looking for a solid entry in that uptrend, and then aiming for an exit that offers a solid risk to reward ratio. Good luck with this one gang!
NASDAQ:ENPH
by AlphaBotSystem