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
The following video provides technical analysis of the semiconductor sector, making the case for a significant bear market in the coming months as well as my top picks for individual semiconductor stocks, including short entry points & price targets. The charts of the following ETFs & stocks are covered in this order: SOXX, SMH, INTC, TSM, QCOM, TXN, AVGO, NVDA, AMAT, NXPI, MU, LRCX, MCHP, SWKS, XLNX, MXIM, MRVL, MSCC, IDTI & ASML.
The MRVL short trade slightly exceeded the suggested stop of a move above 13.31 for a 5% loss last week & will be removed from the Active Trades category. For those giving this trade a little more wiggle room on their stops, MRVL still looks likely to hit both price targets in the coming weeks with a break of this minor yellow uptrend line an objective short entry or add-on. MRVL daily Oct 31st I also wanted to add that I was unable to finish updating all of the official trade ideas before leaving town on Friday & plan [...]
MRVL (Marvell Technology Group) will be added as an Active Short Trade here around the 12.69 level with a suggested stop above 13.31. Price targets are T1 at 12.13 & T2 at 11.36 with a suggested beta-adjustment of 0.9. MRVL daily Oct 13th