The chart is perfect. We've pulled back to the 61.8 level and found a base. ACLS is in the semiconductor segment and has experienced a significant pullback. I see this is a very safe entry level.
There is a very nice level to enter the trade on ACLS based on technical analysis on daily timeframe. I am currently waiting if it will bounce from this level or not. If it will bounce then it can be a really nice long.
You can see there some nice levels overlapping
Nice daily demand zones
Fibonacci retracement's golden pocket level
Value area low of...
Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at NASDAQ:ACLS ...
I believe this code is at a point of potential volatility.
If price can hold below $131.29 ... Bearish potential may be unlocked.
My key downside targets include:
- $113.09 (Conservative)
- $93.95 (Medium)
- $78.27...
2023 WATCHLIST
A series of stocks that i will be monitoring at the beginning of 2023
Here is a new issue from the Semiconductor Industry.
Relative Strength (IBD): 95
IPO: 2000
Sales acceleration:
Jun-22: 50%
Sep-22: 30%
Funds acceleration:
Jun-22: 499
Sep-22: 496
Axcelis Technologies Inc. produces components for the semiconductor industries. I assume the stock price will drop to $56.50.
My trade levels
Entry: $74.34
Take profit: $56.50
Stop loss: $80.32
Risk/reward: 2.98
Several bearish signs are visible on the weekly chart.
Let's take the Head and Shoulder pattern as our first example.
We are touching its base (52.6) for the third time and did not bounce, meanwhile, the overall market rebounds (a bit).
Second, the support-line (March 2020) broke and acts now as a resistance.
The price even touched it once, and was rejected (31...
Would like a pullback into the 50-day line to get long ACLS.
Just had a beat and raise report and has ran up on huge volume since. The growth estimates are very good and the company operates in what may be the best area of the market, semiconductors.
if price reach to support area look for buy setup.
Please follow and like the idea for Support and More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love :)
We want to see few more days of tightening to prove flag is ripe for a new leg higher. /ES had sell day yesterday, digesting today... don't want to get long into a broader market PB. Caution.
Sign of Strength in the chart:
1. Reaccumulation with VCP Setup
2. Break out above UT
3. NS signal at Pullback
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
With the global semi conductor shortage I thought I would have a bit of a look around at some of the equipment suppliers and see if any of them were looking interesting.
From their website: At Axcelis, we have a single goal: to help semiconductor manufacturers achieve the highest quality and yield, with the lowest cost of ownership. We deliver on that goal with...
