NXPI is a semiconductor devices stock that has the potential to break out from a February 2022 into June 2023 big base pattern. A decisive push above 197-198 would confirm this bullish setup and suggest upside back to the late 2021 peaks near 228-229 and 239-240 and then toward the pattern count at 260-263.
Until then, NXPI has support from 186 (chart level) to 176-161 (rising 13, 26, 40 and 200-week MAs). NXPI has improved on a rally above its weekly MAs relative to the SPX. Breaking out above the early 2021 downtrend line would help confirm the bullish absolute price pattern highlighted above. The last breakout above a relative downtrend resistance provided a bullish signal for NXPI in late 2020.
NXPI has the potential to break out from a February 2022 into June 2023 big base pattern. A decisive push above 197-198 would confirm this bullish setup and suggest upside back to the late 2021 peaks near 228-229 and 239-240 and then toward the pattern count at 260-263. Until then, NXPI has support from 186 (chart level) to 176-161 (rising 13, 26, 40 and 200-week MAs)
Until then, NXPI has support from 186 (chart level) to 176-161 (rising 13, 26, 40 and 200-week MAs). NXPI has improved on a rally above its weekly MAs relative to the SPX. Breaking out above the early 2021 downtrend line would help confirm the bullish absolute price pattern highlighted above. The last breakout above a relative downtrend resistance provided a bullish signal for NXPI in late 2020.
NXPI has the potential to break out from a February 2022 into June 2023 big base pattern. A decisive push above 197-198 would confirm this bullish setup and suggest upside back to the late 2021 peaks near 228-229 and 239-240 and then toward the pattern count at 260-263. Until then, NXPI has support from 186 (chart level) to 176-161 (rising 13, 26, 40 and 200-week MAs)