Tower Semiconductor ( NASDAQ:TSEM ), an Israeli-based contract chipmaker, recently released its fourth-quarter earnings report, showing a decline in revenue. The dip in revenue was due to a decrease in demand from the automotive sector, which is currently facing uncertain times. However, despite the ongoing Israel-Hamas conflict, the company's operations and...
TSEM has made a tripple bottom chart pattern which is a bullish signal
If it crosses the neck line of 46$ there is a possible bull run till 50+
At the moment its also below a heavy volume line i.e at 44 level
Already bounced 3 times from 39 level
Entry @ CMP (i.e 41.48)
TP 1 @ 45
TP2 @ 50
SL @ 38
I am waiting for lower lows, but this is a long setup so I am selecting long.
I am waiting for the 1.5 or deeper if it comes that far.
Where the H/S influence ends, nobody knows.
Let's find out.
$TSEM
Breakout - Possible subwave 1 of wave 3 (still trying to master the fibs?) both of which end up around the ATH levels. MACD and RSI both curling. EMA's lining up nicely. Nice volume shelf.
“I’m not an expert but I have watched a lot of youtube videos.”
NASDAQ:TSEM
Entry level $25.88
Target Price $27.49
Stop loss $25.00
P/E ratio = 25.04
Average Recommendation: BUY
Average Target Price:$27.92
Company profile
Tower Semiconductor Ltd. engages in the manufacture of integrated circuits. the firm operates through the TowerJazz brand. Its process platforms include SiGe, BiCMOS, mixed-signal/CMOS, radio frequency complementary...
Indicators and price action bullish as the stock aims for a breakout.
Entry level $21 | Price target $23.35
P/E ratio 17.91
Average analysts price target $23.88 | Buy
Company profile
Tower Semiconductor Ltd. engages in the manufacture of integrated circuits. the firm operates through the TowerJazz brand. Its process platforms include SiGe, BiCMOS,...
TSEM is gaping up on positive earnings call, has a conference call at 10:00. its Daily chart and 15 min chart are consistently bullish; showing strength. I would go long on it, if it clears the 20.66 pivot has room up to 22.64. I am not interested in shorting it. As it has broken out of consolidation on the daily chart so its more on the bullish side.
TSEM seems breaking down from an upward channel. It has strong twiggs money flow divergence. We think it has very good downside potential if it breaks the channel formation.
* Trade Criteria *
Date First Found- December 12, 2017
Pattern/Why- Upward channel
Entry Target Criteria- Break of $32.67
Exit Target Criteria- $30.67
Stop Loss Criteria- $34.03
Special...
TSEM, bought it on november 16, one day after the earnings gap. slow mover, but continous. love the chart. It just doesnt give you a spot to add or reenter. worth keeping an eye on and consider on a greater pullback
After gapping higher on earnings, TSEM has consolidated sideways over the past month and a half. It has approached the 50dma and has so far found support at it. Support can also be seen around 14.77. This level has been successfully tested 3 times so far.
See if both 14.77 can hold as well as the 50dma. If it can and TSEM can move back above its short term...
