- Relative weakness to the Semi Conductor Index and the Q's
- Downward revision estimates for the next several quarters
- No clear plan for margin improvements
- StochRSI sell signal on daily
- Volume profile bearish
- Price below the 50MA and 100MA, is a death cross coming?
Keep in mind the chip shortage could be beneficial to STM , allowing for greater price control.
However, the Q's might have another leg down as the US10Y yield is coming up on 2%
Currently I don't have a position in STM but it has been added to my short list, watching for break of TL or another rejection of the 50MA. Expecting trigger by end of week.
- Downward revision estimates for the next several quarters
- No clear plan for margin improvements
- StochRSI sell signal on daily
- Volume profile bearish
- Price below the 50MA and 100MA, is a death cross coming?
Keep in mind the chip shortage could be beneficial to STM , allowing for greater price control.
However, the Q's might have another leg down as the US10Y yield is coming up on 2%
Currently I don't have a position in STM but it has been added to my short list, watching for break of TL or another rejection of the 50MA. Expecting trigger by end of week.
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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.
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.