Technical analysis of the semiconductor sector via SOXX & the leading semiconductors stocks as well as the leading chip equipment & materials stocks providing both the near-term as well as the longer-term outlook for the sector as well as the leading semiconductor stocks. The following ETF & stocks are covered in this order: SOXX, ASML, AMAT, LRCX, KLAC, OLED, IPGP, TER, TSM, INTC, NVDA, TXN, QCOM & AVGO.
Technical analysis of the semiconductor sector via the ETFs SOXX & XSD as well as a handful of the leading semiconductor stocks.
Technical analysis of the semiconductor sector via SOXX (iShares PHLX SOX Semiconductor Sector ETF) and several of the leading semiconductors stocks. This video starts with an overview of SOXX followed by the following leading semiconductor stocks; INTC, TSM, NVDA, AVGO, QCOM & TXN.
QCOM (Qualcomm Inc) has rallied today & is currently challenging the top of this blue bullish falling wedge pattern / downtrend line. Note that the positive divergences that were highlighted as potential when the long entry was posted have now been confirmed via a bullish crossover on the PPO (thereby putting a higher low in place), as was discussed in the last update when the suggested stop was clipped on April 28th. As mentioned in that post, QCOM was posted as both a pure-play long swing trade as well as a hedge to a short position on the semiconductor sector. I [...]
QCOM (Qualcomm Inc) has exceeded the suggest stop of any move below 51.32 for a modest 2.8% loss with the stock trading down in sympathy with the semiconductor sector today following a disappointing earnings report and/or forward guidance from the industry leader, INTC (Intel Corp) after the closing bell last night. So far today, after a brief & relative shallow run below the tightly placed stop, QCOM has hammered off the multi-year downtrend line generated off the July 2014 highs. Should the stock move even just modestly higher from here, it will have confirmed the large positive divergence on the indicators [...]
The following notes & charts outline the entry criterion, price targets, suggested stop & beta-adjustment for a swing trade in QCOM, Qualcomm Inc.
Detailed technical analysis on the semiconductor sector via the ETFs; SMH, XSD & SOXX as well as several of the largest semiconductor stocks, including critical support levels/sell signals & price targets.