📺 Watch the full video here:
The government has reopened — yay. The stock market’s down — boo. Can’t win ’em all.
Either way, I’m sticking with my original plan for today: taking a look at semiconductor stocks. With the way AI names and tech have been behaving lately, it felt like the right time to zoom in on this corner of the market.
I pulled up a list from StockAnalysis.com — no affiliation — and then went chart by chart using my usual tools: price action, market timing, and momentum.
🔍 Highlights
1️⃣ Nvidia (NVDA):
Currently consolidating after trying to hold the November 7 low. The existing forecast remains valid as long as price stays above that November 7 low. If it breaks, you regroup and reassess.
2️⃣ Broadcom (AVGO):
Working off overbought conditions since late October and pulling into key support at the October 10 low 324.05. That area is reinforced by the 25% Gann retracement 324.33 — one traded level, one projected.
Holding that zone keeps the Bullish regroup potential alive.
3️⃣ Taiwan Semi (TSM):
Technically still above the November 7 low, so the prior forecast hasn’t invalidated — but the stock is acting weaker than projected. A 50% retracement at 267.54 may act as a potential floor.
4️⃣ AMD (AMD):
Has a longer-term forecast extending into December 30. It’s holding up better than most names here. Strength continues if price can clear the October 29 high.
5️⃣ Micron (MU):
Still climbing even after an RSI Power Zones overbought peak* in September — a great reminder that strong markets can stay overbought while still moving higher.
As long as MU remains above the November 4 low, it has room to resume higher after a deeper pullback.
6️⃣ Qualcomm (QCOM):
Spiked (possibly earnings related), then pulled back into a big support shelf built around the October 10 low. Likely path: a return toward 165.09 before another attempt higher.
7️⃣ Intel (INTC):
Some might see a head-and-shoulders, but the Bullish structure actually dates from the August 1 low and is still intact.
The key decision level is the October 14 low — holding keeps the uptrend alive; losing it signals a deeper pullback or possible trend shift.
So that’s my take on some semiconductors in action right now. The AI trade is still alive and well, but it’s obviously going to have its ups and downs.
If you’re finding value in these videos — these types of stocks and the lessons inside on the technicals and more — go ahead and hit that like button.
~Hima
Leave a Reply