NXPI has been in a descending channel since mid May, and finally confirmed a breakout. I would technically buy on the retest of the trendline, but the long term ascending trendline seems to be holding prices, so I'm looking to buy on a pullback to the 78.28 support level to go long. First target would be 87.69, but if price breaks through then I would be looking...
NXPI 91.45 –bullish – Probes key resistance clusters on the daily chart
NXPI is probing key resistance clusters on the daily chart including the 200 day moving average currently at 92.09, the 3.5-month falling trendline (from June 1, 2015 peak) and the 50% retracement of the 114.00/72.05 fall at 93.12. A decisive upside breach of the area would extend the 4-week...
NXPI 91.45 –bullish –Long-term trendline underpins strength
NXPI found support at 72.05 (August 24, 2015 weekly low) just above the 2.5-year rising trendline (from April 22, 2013 low). Since then, it has rallied strongly to retrace over 50% of the 114.00/72.05 fall. Technical indicators are improving, suggesting further upside. Above 94.90 (September 9, 2015...
Watch for gap up on Monday this stock has great potential to run hard...I talked about it in London in 2012 and has come a long way since, the time is now
A good example why we don't short the PRZ. We wait for a topping formation of some kind. NXPI did not offer once and went right through the top of the PRZ.
