IFNNY trade ideas
IFX has a good potential to go up (More Confirmation Needed)XETR:IFX has a good potential to go up and is showing signs of bullish strength although more confirmation is needed. Before one considers to buy , I think closing considerably with a bullish candle above the green line (17.6 ) is needed as a confirmation .Once we break that level , it is likely to be heading towards around the 19 area and once we close considerably above the 19 It is very likely to continue up towards the 23 mark .It might also remain stuck between the 17.6 and 19 area for some time before breaking above the 19 , so I think one could take part of their profits at 19 if they are concerned but It would be wise then to hold most of the stocks (Unless we close again below the green line) because XETR:IFX has a good potential (Long term) to reach the 23 .
German chips for a nice futureRecently we have a good outlook for chips globally, we saw TSMC perfoming pretty good today so i was looking for another good oportunity and found Infineon to be a nice choice. They have a good Portfolio with chips for AI, Cars and post quantum Cryptography so there is a good market for this.
On the Chart i see a small dip which could provide us a save entry and a bigger Gap, which could lead to great profit if we fill it soon (not so save entry).
So i'll buy some 10% at market now (just in case) , another 40% at the bottom of the small gap and another 50% at the bottom of the big gap, which i would sell at the top and hold the rest for long term.
Cheers
Infineon Tech joins the Trade talk PartyAVERAGE ANALYSTS PRICE TARGET $ 23
AVERAGE ANALYSTS RECOMMENDATION overweight
P/R RATIO 22
SHORT INTEREST
COMPANY PROFILE
Infineon Technologies AG engages in the provision of semiconductor and system solutions. It operates through the following segments: Automotive; Industrial Power Control; Power Management and Multimarket; and Digital Security Solutions. The Automotive segment designs, develops, manufactures, and markets semiconductor for automotive applications. The Industrial Power Control segment involves in the design, development, manufacture, and marketing of semiconductors for the generation, transmission, and economy in the use of electrical energy. The Power Management and Multimarket segment includes design, development, manufacture, and marketing of semiconductors for energy-efficient power supplies as well as for mobile devices and mobile phone network infrastructures. The Digital Security Solutions segment designs, develops, manufactures, and markets semiconductor-based security products for card applications and network systems. The company was founded on April 1, 1999 and is headquartered in Munich, Germany.
Infineon - approaches the target areaOn the 23rd of July I published this scenario and with big steps the share price moves to the target area.
There should now be kept watch for the trend reversal.
If this happens, the first reset (as a circled 2) should be used to buy the stock.
Perhaps the rising 200-weekly line is the corresponding trend reversal / target area in a few weeks, as there is also the harmonious target area to look for.
May infineon begin the primary 5th waveInfineon seems to have finished a primary 4th wave correction. It looks like a zig-zag. Wave C equals wave A. If the price does not go under the yesterday low, than I would guess it has begun a primary 5th wave. If it goes under, that means the correction is not finished. Much depends also on the overall performance of the DAX either. DAX has left a final fifth wave from the correction I guess (see link below).
Little bounce in IFXD?Infineon may ended the A corrctional wave that is consisting of 5 clearly recognizable sub-waves. Now a little bounce can be expected in 3 waves (a-b-c) as wave B or wave 2 in case the previous was a wave 1 not an A. The price target is between the 0,382 and 0,618 Fibonacci levels. Maybe 0,618 is more likely regarding that IFXF tends to be volatile.
IFXD shows bearish signsCHXEUR:IFXD
On a technical basis IFXD shows bearish signs, according to my personal opinion. It seems to have reached the end of the cycle level wave 3 that reached the 2,618 Fibonacci level of the 1st wave (from the bottom of wave 2) and now it should make a corrective A-B-C pattern till it reach wave 4. I guess this process will take several months even years.
IFX prediction for May 2018Based on previous support and resistance zones, in combination with the fibonacci retracements I believe the market will re-enter the support box which would be the entry point to buy, after which I think the market will retrace back to a prior resistance at approximatly 22,45. I trade options myself so for people out there who agree with the prediction I would buy a call at strike price 22,00 with an expiration in may or june.
