SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Underexposed Technical Analysis
AQN 5.910-1.3%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Underexposed12/30/2019 3:12:31 PM
  Read Replies (1) of 914
 
USA: I have found my 4th stock for the USA Fantasy Portfolio.... Photronics Inc [NGS:PLAB]


Here is a description of the company
Photronics Inc is a United States-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contains microscopic images of electronic circuits. They are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for IC production accounts for the majority of total revenue, with the rest from products for FPD production.

Here is the brief Fundamental Analysis of this company : PLAB Financials

Income statement

Operating Revenue: This year revenues rose from $124 million to $156 million
Net revenue: This year net revenue rose from $5.3 million to $9.7 million

Balance sheet

Current debt: Falling from $ 61 million to $10 million per quarter
Long Term Debt: Rising from $24.5 million to $42 million

Technical Analysis

P&F and Trigger charts



A great surge in the P&F Chart... the computer says it is headed for $25.00....would that not be nice. we currently have a resistance at $16.35 and a support at $15.60. The Colume SMA look great... but then they would after such a rise,

The Trigger chart shows a nice re-entry to the Bollies after rising above the upper bollie... we are going sideways with a slight +ve rise. we are letting the 20daysMA rise to the price rather than falling down to it... That is a positive to me.

The Slow Sto reflects this as it stays above 80 during this journey through consolidation period.

We will not see a resolution to this consolation journey for at least 2 weeks so a lot could happen in that time but looks good to me.

Sentiment and Ichimoku charts



Lets look at the Sentiment chart. Now as you know I don't trust the Par Sar much unless it is in the throat of a Bollie squeeze, however it is not far from the share price now and there is still a while to go til the Bollies squeeze again. So there will be a down turn before we reach the end of this consolation....now it could be a fall just to the 20daySMA but that is not guaranteed.

The Force(30), RSI(30) and DI +/- are all bullish but declining somewhat.

The Ichimoku chart looks fine... All indicators are bullish .... The main chart circle shows the thin blue line bullishly miles above the red line. There is a green cloud ahead but I don't think it poses a problem in the future.

Conclusion

I want this stock but not at its current price. I think the Par Sar will kick in and reverse the price towards the 20daySMA

Effective today December 30 I will place a Limit buy for 1000 shares of Photronics Inc [NGS:PLAB] @$15.10 per share

This is about a dollar off the current price.... let's see if we will get this stock at that price.... if it comes anywhere close to that when the BBWidth reaches its lowest point I will change the order to purchase it whatever the price would be.

UE

PS: I wish I could find Canadian stocks as easily {sigh}
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News