STM | ABC Corrective Pattern

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- Relative weakness to the Semi Conductor Index and the Q's
- Downward revision estimates for the next several quarters
- No clear plan for margin improvements

- StochRSI sell signal on daily
- Volume profile bearish
- Price below the 50MA and 100MA, is a death cross coming?

Keep in mind the chip shortage could be beneficial to STM , allowing for greater price control.
However, the Q's might have another leg down as the US10Y yield is coming up on 2%

Currently I don't have a position in STM but it has been added to my short list, watching for break of TL or another rejection of the 50MA. Expecting trigger by end of week.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.