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
0LID 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
$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)
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.
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
$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.
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
