Riding The Stock Waves: Update On The Semiconductor Sector

Apr. 18, 2021 8:00 AM ET, , , , , , , , 4 Comments
Stock Waves
11.05K Followers

Summary

  • Semis slid -16.5% into the March low, but are nicely constructive off that.
  • EW charts show, on average, 25-30% further upside in the months ahead.
  • Every Thursday we host a webinar and drill down into a specific sector.
Silicon wafer negative color in machine in semiconductor manufacturing
Photo by MACRO PHOTO/iStock via Getty Images

In our recent Thursday webinar, we looked at the semiconductor sector using the VanEck Vectors Semiconductor ETF (SMH). In addition to analyzing the Elliott Wave structure in SMH itself, we also looked at each component name to see how they

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This article was written by

Stock Waves
11.05K Followers
Stock Waves is a team run by Zac Mannes and Garrett Patten and includes contributing author Lyn Alden Schwartzer. Together they provide real-time Elliott Wave technical analysis, honed from more than a decade as senior analysts at Elliott Wave Trader, on dozens of selected stocks each market session.

Analyst’s Disclosure:I am/we are long AVGO, ADI, NXPI, AMD, NVDA, MRVL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

I trimmed a lot of my NVDA.

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