Semiconductors ~ ascending triangle
Technical Analysis
We have formed an ascending triangle (purple lines). If we make a measured move from the breakout, it takes us up to $275 target approximately.
21ema has been working very well as a trend following system.
OBV has been supportive of the trend.
Fundamental Analysis / News
1. Ongoing reports talking about demand for semiconductors outpacing supply, particularly from the auto makers.
2. A Reuters report that indicates CEOs of leading U.S. companies are urging the Biden administration to provide incentives to build more factories in the U.S. in order to win back market share and help mitigate risks to national security.
We have formed an ascending triangle (purple lines). If we make a measured move from the breakout, it takes us up to $275 target approximately.
21ema has been working very well as a trend following system.
OBV has been supportive of the trend.
Fundamental Analysis / News
1. Ongoing reports talking about demand for semiconductors outpacing supply, particularly from the auto makers.
2. A Reuters report that indicates CEOs of leading U.S. companies are urging the Biden administration to provide incentives to build more factories in the U.S. in order to win back market share and help mitigate risks to national security.
Nota
RSI is showing a divergence in trend; which could mean some slowing and/or a potential reversal. However, price is king. Follow the trend until it bends.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.