Skyworks Solutions still 40% off the highs. Long into earnings.
SKYWORKS is somewhat of a risky trade, but it has a very good earnings beat rate of around 88%. Just like AMAT and NVDA SWKS remains very far of the 2018 highs and has been afflicted by Chinese dependency. Tonights earnings may not move the stock quite as much as the commentary, future guidance could place a rocket under the stock.
The 4hr chart has turned quite bullish as buy side volume dominates and indicators have all taken a bullish trajectory, while looking at the weekly chart things look less bullish but still in a uptrend.
The 4hr chart has turned quite bullish as buy side volume dominates and indicators have all taken a bullish trajectory, while looking at the weekly chart things look less bullish but still in a uptrend.
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