Yesterday, we posted a case study on Teradyne (NYSE : TER) whether someone knew ahead of the market.
Related post - Teradyne Inc. (NYSE : TER) - Someone Ahead of Market ?
Here is a local version.
Prior to GE14, the price moved higher but smart money activities showed divergence.
On 14 May 2018, the stock market opened after a long weekend due to 2 days public holiday declared by victorious coalition Pakatan Harapan, the stock price rallied with strong market activities (relatively high volume) but it failed to close near it's high of the day - instead around mid-range. Thereafter, the price moved within a narrow range over few days before the big plunge occur.
This action showed the smart money seems to know something ahead of the market.
Daily chart.
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
On 24 April 2018, Teradyne reported revenue of $487 million for the first quarter of 2018 of which $373 million was in Semiconductor Test, $49 million in Industrial Automation, $43 million in System Test, and $23 million in Wireless Test. GAAP net profit for the first quarter was $87.0 million or $0.43 per share.
More details, Teradyne reports revenue and earnings growth in 1st Quarter 2018.
Some points to take note from the announcement.
1) Despite the strong 1st quarter results, the demand outlook for 2018 mobile devices test capacity declined sharply in the quarter and 2nd quarter guidance reflects that revised outlook.
2) Guidance for the 2nd quarter of 2018 is revenue of $490 million to $520 million, with GAAP net income of $0.39 to $0.46 per diluted share and non-GAAP net income of $0.45 to $0.52 per diluted share.
The following day, 25 April 2018, the share price opened with gap down with a lost of $4.46.
The most interesting part is not the announcement day. It was several days before 31 March, as shown with Marker A on the chart below. The side-way price action showed smart money knew ahead of the market.
Daily chart.
With the recent price, as shown by Marker B, few days before 2nd quarter ends.
What do you think the outcome of it ?
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
2) www.teradyne.com
Weekly chart.
Support Zone is between RM13.34 to RM14.90.
Will the price able to withstand the pressure and rebound ?
Related post - KESM Industries Berhad (KLSE : 9334) - What's Happening ?
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
With recent positive news coming out, the share yet to make any major movement. Keep a look out.
Weekly chart.
Here a new S-Trader Expert System been introduced with coloured candlesticks
together with up(bull)/down(bear) arrow.
(Blue candle = Neutral, Green candle = Bullish and Red candle = Bearish).
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
Weekly chart.
Are we going to see more selldown in near future on both companies ?
Check out the background on both companies .
Related post - Teradyne Inc. (NYSE : TER) - Tell-Tale Sign?
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
Weekly chart.
As price moves higher, smart money shows an opposite sign.
Is major correction around the corner ?
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
