Technical analysis providing the long-term outlook & price targets for the semiconductor sector via SOXX & several of the leading semiconductor stocks. playback speed can be increased in the settings to reduce video duration
CY has hit the first target (T1) level today and although my previous chart had listed another final target (T2), upon reviewing the weekly chart and noting some pretty decent support, i have decided to make this the final target and book the 14.5% gain from entry. if you are still short this trade and plan to hold out for that next support level on the daily chart (T2), consider lowering your stops to protect profits. charts in order as posted with the updated daily and weekly charts last.
CY was posted in monday's trade ideas video as a new short set-up. the stock broke support the following day, triggering a short entry and today it re-tested that support from below and closed right on it, offering a second, very objective short entry. a tight stop would be on a solid close or decent intraday move back above that resistance line while a more liberal stop (my preference) would be above the 14.30 level. first two charts are daily charts (monday's & today's) while the third chart is a 2-day period chart showing the targets.
For optimal viewing, choose the "Watch on YouTube" option, then choose the HD quality and Large player settings the bottom right of the video window. MAY 30th UPDATE: PLEASE NOTE THAT SEVERAL OF THE TRADES ASSOCIATED WITH THIS VIDEO HAVE ALREADY BEEN COMPLETED AND ARE NOT LONGER ACTIVE TRADES. THEREFORE, IF YOU CAME HERE VIA CLICKING ON A SYMBOL IN THE ACTIVE TRADES CATEGORY, PLEASE GO TO THE RIGHT OF THE PAGE AND CHOOSE THAT PARTICULAR SYMBOL FROM THE "POSTS BY SYMBOL" DROP-DOWN BOX TO SEE IF ANY UPDATED POSTS HAVE BEEN MADE ON THAT TRADE. I EXPECT TO HAVE THIS [...]