Teradyne, Inc.Long
Teradyne - Cup & Handle + Measured Move
Teradyne made a cup & handle, which continues to see strength.
Cup & Handle -- Measured Move
Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move.
Trade
Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1 level.
There are also other semiconductors making ATH, which is adding to the strength in the industry overall.
Cup & Handle -- Measured Move
Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move.
Trade
Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1 level.
There are also other semiconductors making ATH, which is adding to the strength in the industry overall.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.