Chart to Watch - SWKS

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Skyworks Solutions Inc. (NASDAQ_SWKS).

I hope you are having a GREAT week !!!

This week let's take a look at the monthly stock chart of SWKS.

When trading stocks with the MarketClub system we use the monthly MarketClub Trade Triangle to tell trend and the weekly MarketClub Trade triangle to time the trade. Continue reading "Chart to Watch - SWKS"

Chart to Watch - SWKS

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Skyworks Solutions Inc. (SWKS).

This week let's take a look at SWKS which is an absolutely beautiful chart,as the price and volume action is all classic.

SWKS made a double bottom and then traded sideways since the middle of December in a Triangle chart pattern.

Today's action looks to be a break away gap.

Break away gap's are one of the most powerful signs there is, that a stock has made a bottom and will head sharply higher. Continue reading "Chart to Watch - SWKS"