Just looking at the technicals. The stock had a 600% meteoric run. It corrected in a very orderly fashion. It found support in the 3.85 range and the volume is drying up. If you check the 150 dma the support is very clear (the stocks like rfmd that made similar big moves have found support at the 150 while the bigger caps (with much smaller previous advances) have been making the highs recently. Technically speaking this is a good entry point (with the fundamentals providing solid support, ie. beat analyst expectations). btw, also some stealth institutional accumulation on 10/27, 28 and 29
RFMD has been trading around $4 for past 12 trading days. Historically, RFMD won't stay at this range over 15 trading days. Comes Wednesday, RFMD will break out of this range. It can't be down since it has been oversold. The only direction will be up.
I hope what you wrote has even a shred of truth and authenticity.
It sure sounded good.
All I want is Rfmd to hit $8 on 250 million shares outstanding.
Even Priddy would agree to a $2 billion market cap.
In the past when my crap turned to cream, 99% of the crap callers were already someplace else and had already wiped all their tears away. I don't think anyone has started to understand that there are dozens of good strategies for trading, starting with various time frames. In my strategy, I have no idea what my time frame will be but it usually turns out to be several months. The scoffers usually overlook that as they look for quick bucks in the next hour, which is okay but it just ain't me.
I'm gonna have to place you on ignore if you don't pull back a bit. For nothing more than your posts say nothing.
I got your entheusiam in the initial 20 posts. Each time I open one, it's the same euphoric cheer, linked to nothing tangible. WE GET IT!!
Board clutter is wasting a lot of time. I hate to ignore good guys but you're close, for the reason given.
Thanks in advance.
Carry on (well, no, please don't)
You need to learn before you write.
Putting TQNT, SWKS and RFMD together or compare them against each other then
TQNT leads the upside trend and lags the downside.
RFMD leads the downside trend and lags the upside.
SWKS stays in the middle, drops less and it does not explode up.
If the above condition continues then RFMD is about to trend up.
However, SWKS is breaking its rules and jumping high. In this case, RFMD has to come out of its regular behavior to follow SWKS.
Anyway you look at it, it is time for RFMD to go up.