Ah_Meng
06-10

$Navitas Semiconductor Corp(NVTS)$ I am in between bullish and bearish on this company. Actually, this is a good problem to be in.Many people have not heard of Navitas Semiconductor prior to its recent deal with $NVIDIA(NVDA)$  I have been patiently holding this company waiting for the day it sees some daylight and what a flash when it really happened! 

I did a number of call options when the initial spike happened too. They did alright, though could have been better if I have held on to them all. Anyway, hindsight is always easy [Facepalm]  [Spurting] 

Ok, back to my dilemma call mentioned above. I have shared two charts below, both telling their own set of stories. The chart with volume as the secondary chart shows a renewed interest from market participants after the initial euphoria dies down. This is a bullish signal. The other secondary chart is RSI indicator. Although all the RSI indicators are showing in the 70s, signalling bullish signal, there are obviously trending down. Not normally used, trending in RSI is still useful to inform possible primary chart price action. Decreasing Relative strengths is not good. 

The rest of the indicators are at best neutral, so that doesn't help. I will watching those two indicators and a third one, KDJ carefully in the next few trading sessions as I am sensing a breakup or breakdown could happen. $7.50 is the current resistance, so if the price stays under, it would signal near term weakness and maybe time for near term sell down to happen. If the price can stay above $7.50, we will be looking at $8, if not near term $10!

@Daily_Discussion @TigerStars @Tiger_comments @CaptainTiger 

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Comments

  • Kristina_
    06-10
    Kristina_
    Totally feel you on this one! NVTS is in such an interesting spot—love the potential with NVDA ties, but that RSI drift is worth watching. $7.50 is definitely the line in the sand. Let’s see if the breakout holds—could be fireworks if it does! 🚀
    • Ah_Meng: 
      Thanks for sharing your thoughts. Yes, $Navitas Semiconductor Corp(NVTS)$has a lot of potential going forward. Just that too speculative at the moment. Thus I am extra careful here. I notice you are very much into tech space… I happened to also chance upon another of your remark in $MAG Silver(MAG)$. I am also a holder of MAG and had shared before. As one of the terms could be 0.755 share of $Pan American Silver(PAAS)$ for one share of MAG, which works out to be $22.054 at current PAAS price vs current MAG price of $21.54. MAG is thus cheaper at the moment. Just fyi, in case you are interested.
  • Enid Bertha
    06-11
    Enid Bertha
    Another NVTS good day! After close hours still hanging at $8+! I consider this positive!

  • Mortimer Arthur
    06-11
    Mortimer Arthur
    This is going to close under $25 tmrw

  • Ah_Meng
    06-10
    Ah_Meng
    Watch and wait patiently… as I know my turn will finally come… [Sly][Tongue][Chuckle]
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