The UEIC (Universal Electronics) short trade gapped beyond both the second target as well as the final target to open at 61.00, which is where any standing BTC limit orders would have been filled (or lower, as the stock fell sharply from there due to the opening order imbalances). From the entry price of 76.54, [...]
This video provides an overview of the Active Short Trade Ideas currently listed on Right Side Of The Chart along with a brief overview of the broad markets as well as a few of the unofficial short trade ideas that stand out. The following stocks/ETFs are covered (although not in this order) SPY, QQQ, ATVI, [...]
UEIC (Universal Electronics) has hit the first target (69.40) today for a 9.3% gain. Consider booking partial or full profits and/or lowering your stops, depending on your trading plan. T3 at 61.43 remains the final target at this time. Original & updated daily charts:
By request, an update on the semiconductor sector including the recent semiconductor related trade ideas, both those still active as well as those that were recently stopped out. Discussed in the following order are: $SOXX (PHLX Semiconductor Sector Index), SMH (semiconductor ETF), AVGO, AMAT, UEIC, CDNS, NANO, NVDA & DLB.
I received some positive feedback regarding update the trade ideas in video format & will look to publish video updates on the trade ideas on a regular basis going forward. This video covers all of the recent active trade ideas, some of which have just recently exceeded their suggested stops. The video also starts out [...]
This video covers the Active Short Trade Ideas on Right Side Of The Chart, along with a brief highlight of today's breakdown of QQQ, including some objective levels for shorting the broad market.
The following charts & notes are an update to the UEIC, Universal Electronics, active trade idea including profit targets & suggested stop criteria.