Its $STM turn to outperform
Whenever I find two stocks acting well I always want to buy the best but, how to know this?
Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors.
So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other.
In this case
STM is being buyed more aggressively than 
MCHP.
I'll wait for the breakout above $51 to get in and use the previous weekly lows for the stop loss.
The thing is that ifSTM breaks out but MCHP then something might be wrong.
Always keep an eye on how related stocks behave.
Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors.
So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other.
In this case
STM is being buyed more aggressively than MCHP.I'll wait for the breakout above $51 to get in and use the previous weekly lows for the stop loss.
The thing is that if
STM breaks out but MCHP then something might be wrong.Always keep an eye on how related stocks behave.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。