Stays within the range of the shadeMoving up this could be the moment of truth after the earnings were good this Q, I am optimistic, but continued to monitor this.
DIOD trade ideas
DIOD: some correctionA price action below 88.50 supports a bearish trend direction.
Crossing below 85.50 will support further downside potential.
The target price is set at 78.50.
The stop-loss price is set at 94.00.
A bearish crossover on the MACD (lower panel) supports a bearish trend direction.
Executing this trade still carries risk due to the possibility of a sudden but minor correction.
$DIOD Potential Breakout Setup$DIOD has a nice volume pattern while working to potentially breakout into ATHs.
The shakeout around its 50 MA couple weeks back is an added bonus to the setup.
Would like to see it head back up to that supply line with quiet small candle days to setup a low risk entry.
Ichimoku entry LONG DIOD28 Sep 2020 pop pushes all 4 indicators bullish. This could be late and this ends up being the only pop; if so we should be able to back out with minimal losses. but the potential here is to shoot back up to ATH
DIOD: Good News Announcement Forecast By ChartI look for chart patterns, up or down. It was my opinion that-DIOD has a very strong up pattern. I took a position two weeks ago.
There was a good news announcement today issued by-DIOD:
"Diodes Incorporated (Nasdaq: DIOD), a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic, analog and mixed-signal semiconductor markets, today introduced the AP3983 series of products. This family of primary-side power switchers enable power supply designers to handily achieve the high conversion efficiency needed to meet Energy Star Level 6 and EU CoC Tier 2 requirements. Operating up to 80kHz, the AP3983 series employs piecewise Pulse Frequency Modulation (p-PFM) in discontinuous conduction mode to regulate the primary-side voltage and current to better than +/-5% and provide an audible noise-free solution for chargers, ADSL adapters and home appliance power supplies."
I printed the announcement because I never know they are coming. What I do know is a positive chart pattern.
Please consider the positives in the chart of-DIOD.
1. Buy Fractal (green box).
2. CHOP line (below chart) sinking out of the shaded area, below 38.2, indicating a new TREND.
3. CHOP ZONE, below CHOP, is green, indicating up trend.
4. The alligator, YOUR COMPASS, is feeding in the uptrend.
5. The Ichimoku Cloud (black) base line and (red) conversion line are both rising.
6. Prices are above both of these lines.
7. The three indicators on top are very strong.
My opinion, this stock is a strong buy. Good luck to you. Don.
Trending Now: DIOD In Solid UptrendGot growth? Want trend?
Diodes Incorporated is a global manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company's products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current-AC-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus-USB power switches, load switches, voltage supervisors and motor controllers. It also holds interests in Pericom Semiconductor Corporation, which designs, develops and markets integrated circuits (ICs) and frequency control products (FCPs).
From a technical standpoint, Here are the positives:
1. Currently multiple buy Fractals ( seven in a row highlighted in green box).
2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong trend. THE TREND IS GETTING STRONGER.
The green shaded area below CHOP is the CHOP ZONE. This has been strong (up) for quite a while (since August 9th).
3. The top lower indicator is phase energy, and this is positive. Very strong.
4. The alligator is feeding in the uptrend.
5. RSI / Stochastic (top indicator) is strong. Currently working off an over-bought condition.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
9. The 5/34 Momentum indicator (top middle) is strong. It now has a bullish upward cross.
10. The trend-line is rising.
12. The Ichimoku Cloud has a green border.
In my opinion, DIOD-is in a solid uptrend.
Good luck to you. Don.
