The tech market suffered some losses while the USD gained against the major currency basket, last few weeks we can observe good catalysts on the hawkish Fed moves and future stability backed by again the Fed backing off the interest rate hike button, this might help make some more cash available. The rally is projected for the entire sector as well. Risk...
Price is oversold in the weekly timeframe and has already bounced off twice the strong support with lots of volume the two times. Is very early to tell if is forming a double bottom, but it looks that market doesn't want the price to go lower under the support. This a long term holding, maybe a couple of years but the risk reward is too good to ignore it. On the...
1. Fortune_TD, Fortune Banker trend : Fortune TD 9, TD 13and Force 9 (from 25 Sep) show the trend exhaustion range, the green bar shows this is a potential share pull back. . Fortune Banker trend, green line shows the banker chips flow in at the bottom, red lines show the profit money at bottom as well, then short money cross its 5 days average, potentially an...
1. Fortune_TD, Fortune Banker trend, Fortune Crown stage: 28 Sep 2022, Fortune TD 9 and Force 9 show the trend exhaustion range, the green bar on the previous day shows this is a potential share pull back. . 03 Oct 2022, Fortune Crown red dot reverse from bottom 03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in from 26 Sep 2022, then...
TSM has created gap galore on its rally up. with the vix down at 20, indices at resistance, the 4 gaps created, RSI over cooked at 80 and a wedge created, id say a breakdown below wedge trend line around 80 and you'll see the first gap fill at least at 77then 72. big sell volume come at the top of this last run too.
1. Fortune_TD, Fortune Banker trend, Fortune Crown stage: Analysis on weekly chart 03 Oct 2022, Fortune TD 13 show the trend exhaustion range, the green bar shows this is a potential share pull back. 03 Oct 2022, Fortune Crown security line is at bottom, still going down, there is no red dot yet. 03 Oct 2022, Fortune Banker trend, green line shows the banker chips...
1. Youda_Potential, Fortune_TD, Fortune Banker trend, Fortune Crown stage: Analysis on weekly chart 10 Oct 2022 Youda Potential shows the midterm (brown line) is going downward, but the DJI index hit the green band, potential to be supported. 03 Oct 2022, Fortune TD show the green bar, there is a potential share pull back, if break out the high of green bar,...
This is in my opinion like buying oil stocks in the march 2020 crash. Semis to technology is like oil to transport. The world will not survive without either. So I place my long here today confidently regardless of the next few weeks or months. I will hold this until we re-reach our previous ATH which will be sooner than most anticipate. I expect by 2025 this will...
Intel testing critical channel support. RSI has never been this over sold. Accumulating between $20 - $27 in my ROTH IRA for long term hold. NFA
NVDA is 65% from its All Time Highs of 346.10. Granted that doesn't mean because it is so far down from the highs that it warrants a 'buy signal'; nevertheless, it is not a lager stock in my opinion. It's just being beaten down with the rest of the market in a unified order. After-all, it is the Futures Markets and Major Indexes that carry the stocks with it. The...
Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company. Pelosi is the first female Speaker of the US House of Representatives and second in line to the presidency (after...
Semi-conductors/chip stocks took a big dip this week after more negative earnings reported. I am watching this inverse head & Shoulder pattern for a reversal with huge upside potential. Declining selling volume. Near oversold RSI High risk (manage risk) as we are at a major support level. If we lose this level, the weight could get really heavy back into the...
The chip sector has been riding high on assumed strong demand for chips around EV and common goods. I'm not a firm believer this sector will be as bullish and as 'in demand' going into the winter months as countries are starting to experience expansions of higher inflation, company layoffs, and tighter budgets by both companies and consumers. Eventually there will...
AMEX:SOXS Semiconductors have been giving some cautious guidance suggesting a market downturn, supply chain issues and the recession fears. Vehcicles are being shipped to dealers lacking some "chips" ; in the meanwhile, the CHIP acts hopes to stabilize things. SOXS a ETF shorting the semiconductor industry #X leverage as the inverse of SOXL The 4H chart...
AMEX:SOXL This chart strives to setup a trading plan where the SOXS and SOXL are oscillated. They are 3X leveraged ETFs with great range. SOXS was up 400% YTD at its peak. The new CHIPS ACT is a catalyst for US semiconductor manufactures Right now the ratio is on a downtrend, meaning Sell SOXS or BUY SOXL or a combination of each. I believe that this...
I'm currently short tech via $tecs.. AMD showing a possible c wave sell off to a D leg buy which I have an inverted head and shoulders pattern forming
Summary The semiconductor sector is expected to enter a difficult period with demand contraction due to recession and crypto winter. As the US government is increasing the effort to use semiconductors as a leverage to put pressure on China, companies in the sector might be forced to prioritize the national political agenda against profit and growth , which...
I still don't think it is over and it can get very bloody. There are a lot of companies affected by the still not perfect again working supply chain on one side and decreasing demand because of cost of living. This will affect the whole hardware and software industrie IMO, even cloud and advertisers (will happen later) and we can alright read that some...