TER: Similar technical pattern to AMD, moving with momentum

TER is one of the few stocks moving with momentum in an indecisive market condition. It is a semiconductor stock that has a similar technical pattern to AMD, with Dark Pool buying intermittently through the bottom formation. The stock recently pushed through strong resistance. With earnings in 3 weeks, this may be the start of a pre-earnings run. Watch the next levels of resistance around 45 and then 50 for profit-taking risk from professional technical traders.

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AMDbottomCandlestick AnalysisdarkpoolTechnical IndicatorspreearningsrunprotraderssemiconductorSupport and ResistanceTechnical AnalysisTER

Martha Stokes, CMT
ttrader.im/tv-candlesticks

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