Its $STM turn to outperform Длинная
Microchip Technology IncorporatedNASDAQ
Описание
⋅ Whenever I find two stocks acting well I always want to buy the best but, how to know this?
Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors.
So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other.
In this case NYSE:STM is being buyed more aggressively than NASDAQ:MCHP.
I'll wait for the breakout above $51 to get in and use the previous weekly lows for the stop loss.
The thing is that if STM breaks out but NASDAQ:MCHP then something might be wrong.
Always keep an eye on how related stocks behave.