ENTRY: 29.89
SL: 33.89
TP1: 26.33-27.53
TP2: 23.89
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Entry based on 9 May 2022 breakdown from range to ATL and >3% rebound off 10EMA. Would like volume to be higher.
UCTT has begun to outperform the overall semiconductor industry represented by the etf SMH. The trend has clearly been broken on the weekly chart.
There has been a good amount of volume in this week so far, creating that very bullish weekly candle. Hoping we finish strong this week. Looking to create a position if it shows continuation.
EV/EBITDA ratios for...
$UCTT supported on its ATH VWAP support with a cup and handle pattern. Friday's high volume ($50mil dollar vol vs $20mil avg dollar vol) strong close at +7.6%, exceeds its ATR of 4.74%.
fundamentally strong company. what I dislike is that it doesn't trend cleanly on its 50MA
I've posted about $UCTT recently but dropped off my list on its most recent 50MA break
It surged back on Friday to close below supply line.
Not a good structure to manage risk.
I would not be a buy if this BO Tues but on watch if it could quiet down at these levels (orange bars)
I think UCTT has some good momentum and will break above the resistance trend line, probably after a minor pullback. I bought a little today, and will buy more if it retraces back to the 20ma.
Bought small position (~40bps risk) as UCTT broke to a higher-high & the weekly VWAP. Will add more to position if it follows through next week.
Looking for follow through after a 26% run from its PEG back at the end of October.
Stock was holding both EMA20 and EMA50 as it's support area. Then it broke down the support level and then EMA20 and EMA50 has crossed, it's the sign of opening a short position, now it's retesting the crossed area and I think the stock will drop until the next support which is EMA200. GOOD RISK/REWARD RATIO.
Not financial advice.
In the short term coming up to 70.00 before retrace so some potential for a quick in and out 10% and wait for price drop.
This company has a nice setup and being a chip shortage i see nothing but demand and more upside price movement going forward.
Pattern consistent. It retest basically the .5 fib level and bounces 40%
You'll see where it...
For me this is a value stock. It has a value behaviour. With the correction that it is having in these days it's has a good point of entry if you want to ride in this stock. Next goal is 47$ by Fibonacci.
This is one to keep on your watch list for a major breakout.
Today the stock managed to reclaim the 200ma as support and
is now wedged under the descending channel trendline.
The stock has suffered quite a horrific few months since
earnings so we have to be aware that this may be nothing more than
a relief rally.
The stock may have finally found support the Fibonacci .618 level after a horrid selloff.
Potential entry above $20.30 with the 200ma @ $21.65 as first major target
UCTT Confirm the " Cup and Handle " pattern and aim to reach $36.
UCTT buy : $27.70 - 28.
UCTT target : $37 +-0.5.
Stop loss : 8%.
Wish you a good deal !
The fundamentals look good and the technicals are looking great. Especially in light of the coming 5G cycle that will be a huge catalyst for semiconductor companies. When Apple releases its 5G iPhone, I think we'll be off to the races.
