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...
Downtrend resistance trend line since June still valid
Thinking this is a good entry for a 3-6 month swing
NXPI formed a nice contraction pattern. Volume comes in on the breakout.