When we first started with the trade setup service, we highlighted two Semiconductor companies; one large (Intel, which has worked out well) and one small (LSCC, which did not work out). Today we revisit LSCC by its current daily chart setup.
First, to review Lattice Semiconductor is a specialty Semi company playing in the mobile and ‘wearables’ space, which is my personal preference. The link above yields the website if you would like to research LSCC.
Back on the technicals, 6.80 is very clear support now that it has risen above that former resistance line. Also, a broken trend line goes right through there, making it an even more important support level and risk management point.
MACD has just gone positive, RSI and AROON are positive.
I do not own LSCC, but am considering it as long as the stock market view – and in particular the SOX – remains stable.
Buy Target: Current level
Sell Target: 7.40 at around the SMA 200
Stop Loss: As suits risk tolerance below 6.80 (a tap of the upturned SMA 50 cannot be ruled out)
A reminder that chart based NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted. They are meant as a starting point for further research if interested. Fundamentals-based ideas are also provided for your further research only.