$Taiwan Semiconductor Manufacturing(TSM)$Probably will gravitate to the next logical target above at the 1.618 fib extension level, after finding solid support at the monthly Ichimoku cloud and breaking through previous all-time-highs convincingly my prediction is this will be worth around $250 by the end of the fiscal year
$Micron Technology(MU)$Stock is almost making an ascending triangle pattern on daily time frame. Still very bullish for break out. Stock is strong on indicator level. Looking for calls above $134 for a move towards $140 and higher. Chip sector related stocks looking strong.
$Intel(INTC)$Intel is in excess of weakness compared to its benchmark index (Nasdaq). Historically, this level of weakness is visible in 2002, at the dawn of the Dot.com crisis. The stock, after a rising phase, made a deep correction and then, at the volumetric support, stabilized with a new strong accumulation of volumes. I am therefore convinced to consider a positioning on this stock, also from an extremely favorable trading perspective, with an excellent risk-return ratio.
$Dell Technologies Inc.(DELL)$It has recently rebounded from its critical 50 EMA support, which is crucial for sustaining the ongoing uptrend. Looking ahead, the next resistance levels are anticipated around 143 and 147, with a notable gap to fill between 145 and 165. However, a breakdown below the 50 EMA support could prompt a sharp downward movement, potentially towards 129, followed by additional support at 124, particularly considering the MACD flip
$GameStop(GME)$It’s ridiculous how the trading halts on Monday killed the rally. The game is rigged. They never let the little guys win. That’s where Keith Gill comes in. He’s holding the line for retail traders. He hasn’t sold any of his positions because he knows it’s going to go up a lot higher. Patience will pay off.
$Meta Platforms, Inc.(META)$Will definitely be looking to go long here toward the top of orange and potentially even break out of orange toward top of purple. If we do see ourselves getting rejected at orange tapering, that will set us up for an easy short trade down to retest our tapered white algorithm.As always, let price tell you what it wants to do - don't try and force it's hand because it will win every time!Happy Trading :)
Nvidia Stock Eyes Apple’s 2nd Spot After Monster 30% Gain in May
$NVIDIA Corp(NVDA)$Chip giant racked up nearly $700 billion in market cap last month and is on track to become the world’s second-largest company.Nvidia crushed, smashed, and shattered all expectations while reporting record profits and revenue. The artificial intelligence (AI) bonanza is so strong it’s literally no-froth-gains-only out there.Not that much in the loop? Let’s catch you up. For the fiscal first quarter, Nvidia reported record revenue of $26 billion, up 262% year-over year. Along the way, shares of the AI-focused company soared past $1,000 a pop and the stock is now threatening to overtake iPhone maker Apple $Apple(AAPL)$ as the world’s second-largest company.Blink
$Advanced Micro Devices(AMD)$Speaking at Computex, Lisa Su presented AMD's AI roadmap for the next two years.Lisa said the MI325X accelerator for data centers will be available in the fourth quarter.The MI350, based on new architecture, will come out in 2025 with the MI400 for 2026.In the near term, AMD's Su highlighted the chipmaker's latest AI mobile processors for AI PCs.The Ryzen AI 300 series will launch in July with hardware partners such as Lenovo and HP!😃Su said the processors can outpace current offerings from Intel $Intel(INTC)$ and Qualcomm $Qualcomm(QCOM)$ , stressing they exceed Microsoft
$AMC Entertainment(AMC)$amc retraced on low volume and tested the inside of the bottom macro downward channel and just blasted off. This is bullish. It will be extremely bullish once it breaks out of these channels. You now want to see $5.88 hold as support.
$Alphabet(GOOG)$Google is in deep trouble and everyone in Silicon Valley knows it. CEO Sundar Pichai should be fired for allowing competitors and startups to leap ahead in AI. I have already replaced Google Search with Perplexity AI as my default search engine on all my devices. I now use Perplexity 80% of the time, and Google search for the other 20%. The perplexity.ai "answer engine" is more accurate, and concise, and I don't have to deal with all of the "Google garbage" i.e., misinformation, disinformation, Bard n/k/a Gemini and the laughable "AI Overviews'' which were the final straw for me with the arrogant built-in woke propaganda "context" overlays. Google is still a viable company, as it has so many other great p