Uptrend has held during intense selloff, setting up bullish reversal. Good risk - reward long with stop loss below uptrend.
Its still on a down trend, unless it crosses above the trendline. Watch to see what happens on Monday.
Alex Vieira LAM RESEARCH Strong Buy Price Target Raised
Disappointing reaction post earnings bearish divergence existed for some time Major implications on company from a sustained shut down in china. Gaps on chart look like a nice target area
Ultimate upside target we see as $330 in the not to distant future, but the trend line rejection must be respected. extremely bullish if stock can break above it.
1. Stock consolidating and rising nicely in pattern; 2. $60 Height on Flag ($350 Target) 3. IBM just reported and that company is up $5; 4. This is going to $350; 5. End of Story; Jan 21 Comment: Earnings January 22nd along with, XLNX, and TXN. Should be a nice day, Then INTC on deck on Thursday for the real show.
Time to ring the register and wait for lower entry. Momentum downtrending and in bearish divergence to price. RSI in downtrend and showing significant bearish divergences. Stock has ran 25% since breakout, profit taking innevitable. Major fibonacci extension target hit and price rejected.
This looks like it could have some real potential....one for morning wach list.
Semis have had a great run. Weekly and monthly close does not support a move higher IMO.
This stock is already bullish, and today has bounced off of a pullback the 10 ema...nice entry.
I got a good hit on my last earnings play which I didn't post TRV so I'm going for one on this. Put Spread $232.50/220 Cost per spread was 4.36 Holding 2 spreads. Nov 8 exp We will see what happens. Looks like a small bearish divergence. God speed.
Entry level $246 = Target Price $264 = Stop loss $242 Bullish sentiment and fundamentals. Bullish setup for another step higher. Completely depends on market strength and trade, at this level trade short term.
Great short setup, starting a small short!