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CY is it rocketing or what?
I had CY (as other semiconducotrs) in my radar. I missed the first retracement on beginning of november (I was looking at NVDA and AMD and defense stocks). But last days I came back at CY and today I read also this good analysis realmoney.thestreet.com/articles/12/06/2016/charting-jim-cramers-top-10-takeout-candidates-2017-cypress-semiconductor?puc=yahoo&cm_ven=YAHOO
"In this long-term Point and Figure chart of CY, above, we can see that prices are in a longer-term down trend from 2011, but a breakout would give us an upside price projection around $22. Not a bad move. We could get there slowly or a potential M&A deal could help CY get there a lot faster"
My question is: is CY start to rocket to 22$ or is in some other situation?
AB retracement was perfect, was looking for a C point but then CY is going UP... what to think?
"In this long-term Point and Figure chart of CY, above, we can see that prices are in a longer-term down trend from 2011, but a breakout would give us an upside price projection around $22. Not a bad move. We could get there slowly or a potential M&A deal could help CY get there a lot faster"
My question is: is CY start to rocket to 22$ or is in some other situation?
AB retracement was perfect, was looking for a C point but then CY is going UP... what to think?
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