Ronin_trader

CEVA Long

Long
NASDAQ:CEVA   CEVA INC
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Last Friday, overall tech stocks plunged due to a macro event where Robert Boroujerdi, global chief investment officer at Goldman Sachs, warned that low volatility in Facebook , Amazon.com, Apple , Microsoft and Google parent Alphabet may be blinding investors to risks such as cyclicality and regulation.

Through this I identified a few major tech counters that would rebound first ( AMD , NVIDIA , MU, SQ ). I then looked at companies in a similar industry that had lower volumes and focused on the fundamentally strong companies.

CEVA was one of these companies that had repeatedly over delivered in their earnings , the Ceva chart was also on an uptrend prior to this bearish plunge. Using Fibs as an entry and exit let's see how this goes

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