The Semiconductor sector has rewarded anyone that latched on the previous opportunities highlighted:
- On our 16 March radio slot we recommended Nvidia at $527. Since then, the share has had a strong move, testing $800 during yesterday’s trading session.
- We also recommended the SOXL ETF (on 15 June) at just over $40. Initially we saw a pullback however yesterday the ETF rose to it’s highest level since April, adding 7.35% by the close of trade.
Today we recommend another leader in the sector, Qualcomm Inc. The share has been consolidating for the past 8 months and is off it’s February peak of $167.58.The group has exceeded analysts earnings expectations for the last 10 quarters and technically, appears poised to resume it’s upward trend as it: (1) held the pivot, (2) regained the 8 and 21-day Exponential Moving Average (3) attempts to clear the overhead supply at $141.70. With supply constraints continuing to dominate the sector, we think the share has the ability to advance.
Last: $139.72 (Pre-market $139.41)
Buy Range: $137.70-140.00
Stop-loss: 132.45
Target Range: $153.00-157.00 (also note the gap at $161.80).
- On our 16 March radio slot we recommended Nvidia at $527. Since then, the share has had a strong move, testing $800 during yesterday’s trading session.
- We also recommended the SOXL ETF (on 15 June) at just over $40. Initially we saw a pullback however yesterday the ETF rose to it’s highest level since April, adding 7.35% by the close of trade.
Today we recommend another leader in the sector, Qualcomm Inc. The share has been consolidating for the past 8 months and is off it’s February peak of $167.58.The group has exceeded analysts earnings expectations for the last 10 quarters and technically, appears poised to resume it’s upward trend as it: (1) held the pivot, (2) regained the 8 and 21-day Exponential Moving Average (3) attempts to clear the overhead supply at $141.70. With supply constraints continuing to dominate the sector, we think the share has the ability to advance.
Last: $139.72 (Pre-market $139.41)
Buy Range: $137.70-140.00
Stop-loss: 132.45
Target Range: $153.00-157.00 (also note the gap at $161.80).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.