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ใƒ”ใƒณใƒใƒ commented on a stock ยท 6 hours ago

Financial estimates for tonight ๐Ÿง๐Ÿค”

Good evening
Last night, many people stayed up late because they were concerned about companies like N and LS.Tonight as well, LS's movements may be difficult to time.
Geopolitical risks remain high, but timing can be seized with a sense of caution and a calm evaluation.
๐Ÿ“Œ The financial estimates for tonight are written below ๐Ÿ‘‡, but before that, here are some brief geopolitical points.
The Middle East situation, for the second time since April, is currently more tense as the question remains whether Israel will retaliate.Similar to April, opinions are divided between limited attacks or expanding through retaliation, but with the upcoming presidential election, America seems to be in a difficult position to act.
Both Israel and Iran may act as they please until the presidential election, so caution is advised.
American investors are concerned about the impact of the East Coast port strike in America more than the Middle East situation.Regarding semiconductors, there is a short-term view on the impact of the strike, but I believe that the disruption of demand and supply balance will have a significant impact on companies like Apple, Tesla, and other sectors.
Depending on the duration of the port strike, the economic impact gradually emerges after the strike ends, extending for about 1 to 3 months.
The most concerning risk in the semiconductor sector is the extensive damage experienced by Florida and North Carolina due to last week's hurricane on the East Coast.
Due to power outages and evacuations, many swing traders and day traders were at a loss with their computers breaking down, batteries running out, and facing other difficulties.
Hurricane damage may affect the global semiconductor industry as a whole.In the mountainous regions of western North Carolina, there is the world's only mine that produces the high-purity quartz essential for semiconductor manufacturing.
Semiconductor companies may secure inventory of the raw material quartz with alternative supply sources, limiting the impact. However, as the full extent of the situation is currently unclear, accurately predicting the severity of the impact is difficult. Therefore, it might be wise to vigilantly monitor the situation in the medium to long term.
The news below is easy to understand๐Ÿ‘‡๐Ÿ‘‡
๐Ÿ“ŒRegarding tonight's analysis, two scenarios and a continuous bearish wedge are visible, so I expect the current downtrend to continue.
In the first scenario, based on the current trend, the pattern suggests a temporary rise to around 119/120 followed by a bounce back and decline.
If the 115 zone cannot be maintained, it will fall to the next support levels at 113/111/110.
To continue rising, it is necessary to break through 121 and then break through the micro resistance of 125.
The second pattern is likely to continue to decline as it is.
In the current forecast, it feels like an ABC pattern of a diagonal pattern.It is likely that there are two scenarios: continuing the current downtrend or rebounding from an upward movement before falling. I expect the probability is higher for the scenario of continuing the downtrend, rather than rising above 121 towards 125.
Here is a chart of the ongoing bear wedge at the bottom๐Ÿ‘‡๐Ÿ‘‡
Whether you are bullish or bearish, be careful not to get burned and make rational decisions.
See you later.
Financial estimates for tonight ๐Ÿง๐Ÿค”
A continuous bear wedge signal indicates a high likelihood of the current downtrend continuing๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
Financial estimates for tonight ๐Ÿง๐Ÿค”
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ใƒ”ใƒณใƒใƒ
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