Good Thursday, Traders!
One of the best inflation-beating investments to make is in a market that generates gains often multiples of even the recent heightened levels of US inflation.
Technology… The alchemy of the markets is exactly what fits this criteria.
This is why I continue to discuss the trading opportunities in a prime stock index that is dominated by technology stocks: The Nasdaq 100 stock index and its index futures contract (NQ).
But I also spend a great deal of time researching and analyzing individual technology stocks that, when they make my cut, are presented inside my stock advisory service, Josh’s Top 5.
Specifically, I’ve been looking at one of the biggest growth sectors in technology with semiconductors and related equipment.
These are all must-haves for the latest laptops, tablets and other high-tech business and consumer devices.
And I came up with a big potential winner with a chart setting up for a big major gain that could amount to a win in excess of 28%.
The Chip Company to Cash in on Now
This trade in an impressive Sunnyvale, California-based semiconductor company’s stock is set up for a big potential gain in the making.
The market price on the daily timeframe has shown an uptrend with a series of higher highs and higher lows.
The market has recently reached the bottom of the primary trendline displaying a new low price.
Here’s how the trade is set up for this stock…
At current levels, the stock is showing a profit objective that equates to a potential gain of 28.63%.
And as I always do for market calls, I also have a protective stop level in place for subscribers.
For more on the markets as well as trading education and trading ideas, look for the next edition of Josh’s Daily Direction in your email inbox each and every trading day.
I’ll be bringing you more of my stock and futures contract trading tutorials as well as some additional trading ideas.
And if you know someone who’d love to make this a part of their daily trading routine, send them over to joshsdailydirection.com to get signed up!
Keep On Trading,
The post Put Your Chips Down on this Semiconductor Stock appeared first on Josh Daily Direction.
