Getting Added to the S&P Monday. One of the best semi conductors stocks I've traded last year.
Has been getting rejected from the yellow trendline since feb12th and has now formed a inverted H&S. This stock follows the Nasdaq closely and if you look at a Chart of the QQQ you'll see the same Inverted H&S forming. With that being said alot depends on how the Nasdaq responds to any moves in bond yields.
Broke above their split channel (Redline) on Friday. I'll be looking for an entry above 486 with 495 and 515 my fib targets.
You can see the pattern forming in the RSI
Has been getting rejected from the yellow trendline since feb12th and has now formed a inverted H&S. This stock follows the Nasdaq closely and if you look at a Chart of the QQQ you'll see the same Inverted H&S forming. With that being said alot depends on how the Nasdaq responds to any moves in bond yields.
Broke above their split channel (Redline) on Friday. I'll be looking for an entry above 486 with 495 and 515 my fib targets.
You can see the pattern forming in the RSI