alice, nftrh

NFTRH+; SIMO

We have been watching the Semiconductor index re-take some of its past leadership in the broad US market.  Hence, some favored Semi stocks are back on radar, for the short-term at least.

Silicon Motion (SIMO) is in a short-term bottoming pattern with clear parameters.  This quality company was sold down hard on a combo of a weak Semi index and also China/Asia market problems (Silicon Motion is based in Taiwan).  The neckline to the pattern is now support, which can be used generally as a ‘stop loss’.

simo

Buy Target:  Current level to 25

Sell Target:  Pattern measurement is to around 30

Stop Loss:  Below 25 to suit risk tolerance

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. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst.