5G stalwart company, long term winner but short term some risk.
The stock has broken out and bac-tested the $125 levels as support.
Upside Fibonacci target $145-$155
MACD just reversed bullishly.
Todays we will know is consolidation over or we enter major breakout.
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FA:
Global supply chain issues have made the logistics of semi-conductors even more complicated; thus we can expect rising costs and lower profits
The Tech cold war between USA and China if led to Chinese retaliation may lead to US semi-conductor companies being hit hard the most as China contributes to 60% of the market demand of semiconductors
Skyworks...
Hey my friends, SKYWORKS SOLUTIONS is in an upward movement, in recent days a lot of sales volume traded. Rejection of buyers can be attended with great propability of returns from buyers to raise the price.
Continuing the upward movement, seek to fill the gap so we can arrive at the last highest to remain between below and above the consolidation zones.
Please...
SWKS is also in a long term ascending triangle
I am waiting on a pull back to get in to this one.
128ish looks like strong S to me due to the gap but I will see how she goes this week/possible rising wedge.
earnings are 7-23 amc..SWKS rarely misses.
Healthy company in my opinion, but we all have one (o:
I am not recommending this stock. I plan to get in to it though
Skyworks Solution
Potential Profit: ~8%
Next Level Resistance:$123.70
Resistance:$111.20
Support: $107.71
Long Term Support: $97.08
SMA: Trading Above
Trend: Up
SWKS ran up into its 200sma on the daily and bounced off. This level is also a retest level of the prior breakdown in price, around $90 range. With the 200 sma acting as resistance and price remounting to the downside, this can retrace back to $82 levels
SWKH adalah kod bagi syarikat Swk Holding Corp yang diperbuat dari segi sektor teknologi. Mengikut pemerhatian gelombang sahlun tentang saham ini adalah downtrend@bearish dengan penurunan sebanyak 11.21% dalam tempoh 3 bulan lepas. Dari segi Syariah, saham ini adalah Tidak Patuh Syariah
Inverted hammer shows that price is ready to reverse and going up. Double bottom (DB) is in the making.
Confirm DB if price break out and close above $105. Next target $115
SWKS looks great on weekly charts in a strong move. we are testing the upward momentum line that I have drawn and I think this week should give us a good buying opportunity
Buy zone / Targets are mentioned on the chart
Close below 107.95 on daily candle may require us to reevaluate are trade
Indicative time for the play : 3 to 8 weeks
