The global AI market is projected to grow at 38% annually to reach $1.7 trillion by 2030, driving the growth of photomasks for integrated circuits or semiconductors.
Photronics, a company that manufactures photomasks for IC production, expects increased demand in the 2nd and 3rd fiscal quarters of 2024.
The company's low valuation and strong growth has the...
2 days ago we have overcome the short term trading range. This has been confirmed yesterday. Now this outbreak has been retraced by Fibonacci rules.. The promise of the outbreak may be realized now.
The MA and the bottom of the trading range left are supportive.
Photronics: Undervalued Gem with Margins and Market Power
Margins and Valuation: Photronics Presents a Compelling Opportunity: An In-Depth Look at Growth Potential
Photronics is currently poised as an intriguing investment prospect due to its notable margin improvements and undervaluation. Investors may find the company's current stock levels an appealing entry...
Here's my chart for PLAB
Based on trends, it looks like support is coming around $15-$16, however, I only see the bounce going to about $19 before some major resistance occurs.
Long term trends (years) show the bullish trend still on, which leads me to believe that $12.5 range is a good price.
with earningss in one more trading day.
MACD is in oversold territory while the RSI is showing
relative weakness. I will watch this the day before
earnings, Any accumulation or a volume surge will
be my entry signal to buy the earnings play.
$PLAB bounce at its previous breakout high and 21 EMA. Logical place to find demand.
Just watching and building watchlist for now. One to keep an eye on. Potential future leader.
$PLAB held up its 50 MA like a champ.
Wondering if it is putting a bottom here.
If it can drift sideways here for 2 to 3 days, would sets up perfectly (orange bars)
Hi. In this 1D chart I've simply plotted the ongoing ascending triangle and it's projected imminent breakout.
PLAB showed up in one of my indicator stock screens again and is showing wonderful strength on that front and if you want a deeper dive into the stability of its growth see the linked idea below for my old deep dive into why PLAB is a strong long-term...
I project an increase in the stock price of NASDAQ:PLAB due to:
Increase in revenue since the last quarter.
Commitment to Chinese and Taiwanese production plants that have a solid backing of governmental support.
New technologies within the industry combined with a solid demand that wont decrease and the mono-product nature of Photronic.
Demand for...
