Comments on: Stock Market & Semiconductor Sector Analysis https://rightsideofthechart.com/stock-market-semiconductor-sector-analysis-2/ Stock Trading, Investing & Market Analysis Sat, 02 May 2020 00:30:23 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: myrightside https://rightsideofthechart.com/stock-market-semiconductor-sector-analysis-2/#comment-11754 Mon, 18 Jun 2018 19:14:48 +0000 https://rightsideofthechart.com/?p=187357#comment-11754 In reply to Dean Drummond.

Of course anything can go either way

]]> By: Dean Drummond https://rightsideofthechart.com/stock-market-semiconductor-sector-analysis-2/#comment-11753 Mon, 18 Jun 2018 17:50:05 +0000 https://rightsideofthechart.com/?p=187357#comment-11753 In reply to BIGBADWOLF.

From the look of the charts, including its proximity its previous high, MU could certainly pop to new highs on earnings. Of course, it could (and will) go either way but MU is one of the semis that is still trading above its primary uptrend line although it the most recent high was a divergent high and the semis, including INTC, are starting to crack. Always a crap-shoot holding into earnings but if I had to take a long or short position in MU & throw away the key for 6-12 months, I’d rather be short.
AMD & NVDA are the two big GPU makers so any good or bad news for AMD on Wednesday is likely to carry over to NVDA.

]]> By: BIGBADWOLF https://rightsideofthechart.com/stock-market-semiconductor-sector-analysis-2/#comment-11752 Mon, 18 Jun 2018 17:22:10 +0000 https://rightsideofthechart.com/?p=187357#comment-11752 Thanks for great analysis! Any thoughts on whether MU can push to a new high with earnings coming this Wednesday? Also, it seems to me that NVDA was holding up to keep the bull trend above 9 day moving average. Today NVDA traded below its 9 day moving average after breaking down from the wedge, and the 9 day moving average is flattening out. So perhaps it’s very close to a correction that may happen as early as tomorrow.
https://www.tradingview.com/x/aFn87mcx/

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