1) Solid fundamentals with a history of beating earnings the past year - with the last earnings announcement resulting in a gap up.
2) SIMO has since had time to base out, forming a cup and handle pattern just as the market is chopping with no apparent direction.
3) VCP type characteristics on the handle, with volume drying up to a trickle. I like this ticker as...
SIMO: Silicon Motion Technology Corporation.
2021-12-06 18:00:00
Silicon Motion Announces New $200 Million Share Repurchase Program and Reiterates Guidance
I'm bullish on semi-conductor stocks. Especially small & mid-cap names. Check out Silicon Motion Technology. I like the set up here.
P/E = 17.73
EPS Growth = 483%
Nice entry point IMO.
New to charting. Let me know what you think?
Thanks.
$SIMO broke out of cup with handle base with buy point of $47.35. RSI broke the resistance as well. The volume is super
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I found SIMO when performing a scan on my new IG account, based on fundamentals. I don't understand all the fundamentals I selected but I was left with a few stocks, so they are probably ok.
They do stuff out of sand, so they will probably not run out of materials in short run.
SIMO has retraced a significant amount of its Wave (iii) upside from its all time high $56.21 in Jul 2016.
Fibonacci: It appears to have bottomed up and rebounded from its 61.8% retracement.
Indicators: Momentum divergence of RSI and MACD is supportive of the analysis.
Look for a conclusive break above the Ending Diagonal for a high confidence trade.
If the...
High growth potential and a healthy financial position make SIMO an attractive investment opportunity. On the chart, SIMO has been following this Median Line since the beginning of 2016 and is currently testing the sliding parallel off the lower line. Is this Median Line exhausted at this point or will it continue to hold? With a fundamentally strong company...
The Weekly Chart on the SIMO is continuing its Bullish outlook, the Up Channel from May 2014 coupled with the Inverted H&S pattern from March 2015 through to March 2016 tells us that this Stock could well make new highs on a weekly basis until it finds strong resistance around the 44.50 to 47.00 area (Red Highlighted Box). The Neckline Breakout confirms the H&S...
