Updated
CY ; long?
hello, I'd like - if possible - some feedback about CY > is it going to pass median line?
hourly (from november) >
dayly (from mid feb.)
I had CY 3.53% (as other semiconducotrs) in my radar. I missed the first retracement on beginning of november (I was looking at NVDA 0.02% and AMD 8.12% and defense stocks ). But last days I came back at CY 3.53% and today I read also this good analysis realmoney.thestreet.com/articles/12/06/2016/charting-jim-cramers-top-10-takeout-candidates-2017-cypress-semiconductor?puc=yahoo&cm_ven=YAHOO
"In this long-term Point and Figure chart of CY 3.53% , above, we can see that prices are in a longer-term down trend from 2011, but a breakout would give us an upside price projection around $22. Not a bad move. We could get there slowly or a potential M&A deal could help CY 3.53% get there a lot faster"
My question is: is CY 3.53% start to rocket to 22$ or is in some other situation?
AB retracement was perfect, was looking for a C point but then CY 3.53% is going UP... what to think?
hourly (from november) >
dayly (from mid feb.)
I had CY 3.53% (as other semiconducotrs) in my radar. I missed the first retracement on beginning of november (I was looking at NVDA 0.02% and AMD 8.12% and defense stocks ). But last days I came back at CY 3.53% and today I read also this good analysis realmoney.thestreet.com/articles/12/06/2016/charting-jim-cramers-top-10-takeout-candidates-2017-cypress-semiconductor?puc=yahoo&cm_ven=YAHOO
"In this long-term Point and Figure chart of CY 3.53% , above, we can see that prices are in a longer-term down trend from 2011, but a breakout would give us an upside price projection around $22. Not a bad move. We could get there slowly or a potential M&A deal could help CY 3.53% get there a lot faster"
My question is: is CY 3.53% start to rocket to 22$ or is in some other situation?
AB retracement was perfect, was looking for a C point but then CY 3.53% is going UP... what to think?
Note
30 min.price tested median blu fork (trend begin in november)
price tested (today) lower limit yellow fork (trend begin december)
price tested
(blu fork) > UP 0.618 LOW 0.75
(yellow) > UP and LOW 1
(purple - dayly from mid feb.) > LOW 0.618
Trade active
still active and going in the right directionTrade active
Note
following CY from november (when I jump on train) > trade still active, I'm reading the price using pitchwork, fib, trend lines, res-sup levels > prices and stock is following a clear path (recent trump effect give some shock but it's back again on path)IF come UP 13.64 (out from lateral trend started at end of march) price will follow green line till median line of pitchfork that is a very IMPORTAN area > then 18-20 target price.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.