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With Intel suddenly leading the charge higher, the “Broad Line” segment of the semiconductors are sporting a snazzy collection of charts setting up behind. While it remains to be seen if the semis as a whole will outperform the broad market in the coming months, they sure do look ripe for trades at the moment. After all, there’s no time like the present.
See my notes on the following annotated charts below for analysis and price triggers.
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Chess
The names for the posts you have come up with have been hilarious lately. I sold some long calls on ARMH yesterday for a gain. The daily chart looks sloppy but I looked at the weekly again and think I maybe should have held on. Is that a flag forming? Many thanks for the awesome work you and RC do.
Thanks. ARMH coming to terms with $31/$32 area. May need some more time here.
Thank you.
Option Radar showed a large amount of AMD May calls being bought bought today.
He’s been on fire.