Well, here comes old friend Silicon Motion back down to earth. Apparently news of an acquisition has induced profit taking in this quality Fabless Semiconductor company based in Taiwan. Due…
EWM was part of an NFTRH+ update that was sent to the entire subscriber base (NFTRH+ is included in the regular service, but email is 'opt-in' so we don't bother…
You may have noticed this one show up in my brokerage account back in March. It was sold for a profit and put on watch. I buy and sell things for different reasons, but NFTRH+ needs technical setups and now SLCA has one, although it was originally brought to my attention by a subscriber who is very fundamentals-oriented, FWIW. If interested in that side of things, take a look and consider it along with the technical situation.
In an update earlier in the week we noted that the preferred scenario of a USD correction might morph into a bullish consolidation in the form of an imperfectly formed Symmetrical Triangle.
Well, today Uncle Buck is dropping below the lower line and making a signal that our initial target of 94 (+/-), with its combo of a trend line and support cluster, is a good one.
