I agree that semiconductor industry has lots of growth potential with its myriad of uses, especially given its shortage globally now. If this article on ASML is true, I’ll wait for further pullback because wave pattern seems to have completed a 5 wave count. candlestick pattern and technical indicators suggest near term bearish outlook also.Depending on wave and candlestick patterns then, I may enter a long position at the confluence ofsupport and 50% fib. ret.
ASML: The Market Could Be Underestimating Its Potential
Rough for which markets? It looks like another sector rotation, back to the well loved technology sector of 2020. But the NASDAQ is still a little breather now ?Let’s play in this sector for the next 2-3 weeks, especially cloud stocks or e-commerce.Stock picking can outperform here when done right.
My guess is commodities as an asset class fell recently in response to the strengthening USD, which most commodities are traded in;this reduces the buying power of foreign countries, so the market is factoring in a potential reduction in demand. Ultimately, as more countries win the battle against COVID, resources will be turned towards the race to rebuild economies, and commodities will be a knight in shining armour here. ?
Commodities Bulls Nurse Their Wounds But Fight’s Not Over Yet
Many Retail traders have made more money than institutional investors in the past year! Sure, when the bulls retreat, bears will takeover with a vengeance. I don’t need to be a Wall Street analyst to say this. Protect our positions and trail our stop losses ?
3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%