STM

 STMICROELECTRONICS N.V.







Got a good semi name trade finally. 

Clearly a lagger which may be a concern. Also foreign like my ASML trade and financials looking great near ATH. 

Price has seen a jump in last year, but not during this recent semi run. This is not an undervalue play, it is techincal. Financials just ensure im not buying a garbage company. 

Industry obviously strong.


History could be better. Q negative but only recently, M G already. Not bad enough to avoid, but not enough to add on run ups. 

Query history strong. Frequent days very strong with +80% closes. Else 

Needs a pullback and another week for MAs to curl and get tighter. Have to wait on a pb or base for adds here. 

IN 46.65

Risk 45.25

TGT 51.30

3/8

Great BO. Followed by a large bearish engulf candle, with slightly less vol. Industry deifnitely hurt but I expected this going intot the trade.

Semis been on a tear, why hasnt STM? Does it catch up or is it flat out a fail and wont budge.

Either way trade must be taken, and got a good start, breakeven can be used now and looking to add if we continue performing well.

Queries got a little more red at end of week. Still heavy green returns, but less.

History showing were in a good spot still. M green and Q flat, 

Q is a concern, its going to flip negative this week as it coiled around 50 for a couple weeks. It will be negative. But then it should flip good green at end of month and hopefully we can hold here and conitnue this breakout. If it can move into green beforehand then we are very storng. Always looking to add on this one. 

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