Update
Its hard not to conclude that what often passes for trading information / education / exploration amounts to playing a game of chart glamorisation, mesmerizations and hypnotization with questionable application. [ see post #35 this thread - the link does not work correctly -
https://www.trade2win.com/threads/tesla.239430/#post-3184254
In the hope of effecting redress - within limited scope - on Sun 1 Jan 2023 I posted a number of charts (free TradingView) which can be found at post #13,358
https://www.trade2win.com/threads/charts-charts-and-more-charts.240207/page-668#post-3242264
As the charts were accesses on Sunday 1 Jan 2023 all referenced close prices are for last market close 2022.
As update, the close price for Friday 9 February 2024 is selected.
Historical close prices can be check at Yahoo Finance under the Historical Data Tab.
Percentage calculations are as example: Amazon close price 1 Jan 2023 = 84.00 - Amazon close price 9 Feb 2014 = 174.45
Percentage gain/loss = ((174.45 / 84.00) - 1) x 100 or alternatively ((174.45 / 84.00) x 100) - 100 =
107.68 %.
Only those charts that indicated Buy or Strong Buy are considered as Sell and Neutral would have been ignored for possible buy (shorting is not under consideration and definite no, no).
Images of the first chart posted 1 Jan 2023 and the associated Yahoo historical close price for Friday 9 February is inserted for reference.
The close price is 174.45 (date - open - high - low - close)
Note: Re above warning -
Be warned: Due diligence with respect to technical and fundamental research is assumed.
With respect to above AMZN referenced 1 Jan 2023 charts
- technical indication of considerable sell off, price decline on 5 year charts prior 2023.
- fundamentals suggested buying opportunities
- analysis consensus Strong Buy
AMZN - current 5 year chart: Note the 5 year sell off, price decline during 2022 and rally during 2023.
LOSERS & WINNERS
Note: I have used the close price and not the adjusted close price in calculations. The difference between the two is minimal and does not compromise integrity of the update objective.
LOSERS
- Alibaba Group Holding Limited (BABA) Strong Buy: 1 Jan 2023 close price: 88.09 - 9 Feb 2024 close price 72.02 -18.24 %
- Baidu, Inc. (BIDU) Buy: 1 Jan 2023 close price: 114.38 - 9 Feb 2024 close price 105.69 -7.60 %
WINNERS
- Amazon.com, Inc. (AMZN) Strong Buy: 1 Jan 2023 close price: 84.00 - 9 Feb 2024 close price 174.45 107.68 %
- Salesforce.com, inc. (CRM) Strong Buy: 1 Jan 2023 close price: 132.59 - 9 Feb 2024 close price 291.30 119.70 %
- Meta Platforms, Inc. (META) Buy: 1 Jan 2023 close price: 120.34 - 9 Feb 2024 close price 468.11 288.99 %
- Tesla, Inc. (TSLA) Buy: 1 Jan 2023 close price: 123.18 - 9 Feb 2024 close price 193.57 57.14 %
- Taiwan Semiconductor Manufacturing Company Limited (TSM) Strong Buy: 1 Jan 2023 close price: 74.49 - 9 Feb 2024 close price 133.11 78.70 %
- Uber Technologies, Inc. (UBER) Strong Buy: 1 Jan 2023 close price: 24.73 - 9 Feb 2024 close price 70.91 186.74 %
----------------------------------------------------------------------------------------------------------------
re semiconductor industry
The composite semiconductor is made up of 4 industries each dependent on the other
- Design (US dominant)
- Electronic Design Automation (EDA) - vital software for Design (US dominant)
- Manufacture Foundries (TSMC -Taiwan & Samsung-South Korea dominant)
- Extreme Ultra-Violet Lithography Machines (EUV) - vital for Manufacture Foundries (ASML-Neitherlands supremely dominant)
ASML Holding N.V
. (commonly shortened to ASML, originally standing for Advanced Semiconductor Materials Lithography) is a Dutch multinational corporation founded in 1984. ASML specializes in the development and manufacturing of photolithography machines which are used to produce computer chips.
As of 2023 ASML is the largest supplier for the semiconductor industry and the sole supplier in the world of extreme ultraviolet lithography (EUV) photolithography machines that are required to manufacture the most advanced chips. As of June 2023, ASML was the most highly valued European tech company, with a market capitalization of about US$280 billion. Source: Wikipeadia