Marvell Technology (MRVL) is showing a left-hand translation on the weekly chart with lower highs and continued selling, indicating a likely final move down towards the 723-731 low.
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Is the Semiconductor Top In? Cycle Analysis in Semiconductors and KOSPI
The creator analyzes the Philadelphia Semiconductor Index (SOXX) using cycle analysis, noting a weakening trend after a period of bullish translation. The analysis suggests a potential shift to bearish translation, with key levels and indicators signaling caution.
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Tickers discussed in this post
Taiwan Semi (TSM) has an enormous run and is important for the supply chain; it shows a positive translation but is selling off back to an old low, with a bearish outlook if it doesn't move up significantly.
Intel (INTC) is experiencing a pullback after a sharp upside move, with a rare one-bar rally followed by a bearish translation.
Micron, a previous standout, has shifted from strong right-hand translations to forming a lower high, indicating a potential left-hand translation and a change in cycle structure.
AMD is in a trading range, showing a weakening bias with indicators turning neutral to down, suggesting a potential move to the lower end of the range.
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