$SOX daily sell set uphigher price attempts with lower technicals = sell set up, if/when this drops below next major fib 61.8 on the RSI
expect lower values in the sector and lower prices in semi's across the board
Semiconductors
SOXL (and TXN) at a discountSOXL is a 3x leveraged ETF, whose top 5 holdings are TXN, NVDA, QCOM, INTC, and AVGO. Earlier today, TXN endured a massive sell-off following their unimpressive earnings report, resulting in a hard drop in price for SOXL, as well. However, I don't expect TXN to stay down past this trading week, and when it rebounds, SOXL will be along for the ride. The semiconductors industry is red hot.
SOXL Semiconductors x3 ETF LONG - Earnings rally starts: ~%30..!JAN. Earnings rally is starting off with INTC.
Semiconductors are expected to beat estimated earnings.
Good R:R, keep your SL tight.
LRCX Showing Bullish Charts Leading into Earnings tonight Trend Analysis:
-->Looks to be breaking resistance at $215. Strong earnings will likely allow the price to break through.
-->Hit support early today around $208
Indicators & Overlays:
-->MACD looking to cross over close to 0
-->DMI+ looking to cross over DMI- in an upward trend
-->RSI showing resistance at 40 and moving upward back to the 80 range
MU buy opertunityThe lord and savior pitchfork presents a great buying opportunity before it is bound for a breakout within the week.
Micron Holding SupportMicron Technology (ticker: MU) is one of the largest manufacturers memory and storage solutions. The company is currently benefitting from a significant uptick in demand for its products and has seen an explosion in revenue and profits in recent quarters. Due to our technology loving society data usage, and therefore storage, has been growing off the chart. These are some massively bullish trends. Looking at the chart MU seems to be holding at its floor of support. Watch for the stock to rally back to its all time highs in the coming weeks.
A Breakout Above $13.31 Could Cause a Strong Move Higher - $AMDWatch for a breakout above the Blue Line $XSD $SMH $XLK $QQQ #Semiconductors #trading
AMAT at Long Term ResistanceAny new high should create a 3rd Monthly RSI diversion peak. Should be a struggle to break through. There was a reversal spike on the Daily chart for blowout earnings. Also, see a monthly chart of SOX and TXN for similarities.
NVDA: The cat with 9 livesIf this cat is dead I have 0 faith in being a bull...anywhere. $170s is a gift from the street that I will accept if/when extended to me. Otherwise I may miss out on the entry and fomo into the next pump on a hourly higher high and low.
Find good entry points - runaway stocks support/resistance lines#indicators #easy #trading $XSD $XLK $QQQ $SOXS $SOXL
AMD - May be ready for a bounce here @ $10.70. Fib support(.328)After being crushed the past few sessions, AMD looks like it has a chance to bounce off of fib support at 10.70. No position
LONG MU - MICRON ON 08/28/17 TECHNICAL SETUP FOR OVER 40 BY 09.20.2017 NASDAQ:MU
HUGE OPTIONS POSITION BEING BOUGHT FOR VARIOUS STRIKES
POSITIVE EARNINGS WITH POSITIVE FUTURE OUTLOOK
ROTATION IN SEMIS MIGHT TAKING PLACE
NASDAQ:AVGO IS ANOTHER PLAY ON THIS
SO IS NASDAQ:INTC
preview.ibb.co
thumb.ibb.co
Bonus Earnings: Sep 26: Micron - The Balloon is Getting FullCompany is up over 56% YTD on solid demand.
Stiff competition, however, will be a drag on guidance -
I expect a lackluster guidance revision and a slight correction in share price.
$30 PT through November 2017.
Micron is a stellar investment- Broke above the mid line of weekly Bollinger.
- September 26 is next ER.
- There was unnecessary fear around cycle peak. Smart money loaded in while weak investors lost money.
- This cycle is more diversified and will last through 2018.
- Most analysts are bullish.
- Last ER resulted in significant drop. Next ER, I expect at least a 10% pop.
- Price target: $36-38 after ER.
- Williams R will fluctuate between 0 and -20 for a while.
Looking for a Better Entry PointShikou span has crashed into the price at the $164.00 line.
The Senkou spans of the cloud are starting to tighten.
The squeeze indicator is on with slight downward pressure.
Vol is a trending slightly lower.
Bulls feel very complacent at the moment, and the stock could stray under its lower trend line and hit the cloud.
Next day or two will be choppy. True Bear vs Bull.
STM daily reviewI believe in the stock long-term, but I think there may be a positive channel forming over the next few days, then may exit and re-enter on next dip...
Microchip Technology ($MCHP) Earnings Beat?Thinking about buying this stock because of its earnings coming up aftermarket tomorrow. The last three quarters they have killed their earnings with a short term 7% gain which is what I would be looking for with this trade. Not quite sure about how well things will go because of AMD's earnings but with a few big players going tomorrow in the semiconductor industry, it makes for an interesting afternoon tomorrow. Any response would be appreciated :D (First chart on here sorry for the shitty arrows)
CY is it rocketing or what?I had CY (as other semiconducotrs) in my radar. I missed the first retracement on beginning of november (I was looking at NVDA and AMD and defense stocks). But last days I came back at CY and today I read also this good analysis realmoney.thestreet.com
"In this long-term Point and Figure chart of CY, above, we can see that prices are in a longer-term down trend from 2011, but a breakout would give us an upside price projection around $22. Not a bad move. We could get there slowly or a potential M&A deal could help CY get there a lot faster"
My question is: is CY start to rocket to 22$ or is in some other situation?
AB retracement was perfect, was looking for a C point but then CY is going UP... what to think?
AMD sees continuous break through After retest lower point of 9.4, AMD picked up its momentum and went up above its 5MA. See continuation of the trend.
CY ; long? hello, I'd like - if possible - some feedback about CY > is it going to pass median line?
hourly (from november) >
dayly (from mid feb.)
I had CY 3.53% (as other semiconducotrs) in my radar. I missed the first retracement on beginning of november (I was looking at NVDA 0.02% and AMD 8.12% and defense stocks ). But last days I came back at CY 3.53% and today I read also this good analysis realmoney.thestreet.com
"In this long-term Point and Figure chart of CY 3.53% , above, we can see that prices are in a longer-term down trend from 2011, but a breakout would give us an upside price projection around $22. Not a bad move. We could get there slowly or a potential M&A deal could help CY 3.53% get there a lot faster"
My question is: is CY 3.53% start to rocket to 22$ or is in some other situation?
AB retracement was perfect, was looking for a C point but then CY 3.53% is going UP... what to think?
