While it has indeed been choppy waters out there over the past several weeks, the semiconductors have shown glimpses of acting like leaders.
Here are two of the more intriguing technical setups in the sector, which I am stalking only if they hold Tuesday’s lows (I would place stop-losses below there) and exude further strength. What impresses me about both charts is the strong buy volume over the past week or two, and the relative lack of sellers compared to other areas of the market right now.
They are still in overarching uptrends and have rising and properly-aligned longer-term moving averages, which sets them apart from some of the sloppier semis trying to merely stabilize now.
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I have been looking at RMBS as well.
Sell volume glaringly weak.
LRCX looks poised. No feminine product.
Nice masculine base.
thoughts on $hma
thanks
Impressive breakout the past week or two, but became extended and Tuesday’s reversal candle likely signals a consolidation coming. Would patiently wait on it into end of week at least.
You like $AMD Old Sport?
Yessir. Expect it to print $5 in the next few months.