Technical analysis of theSemiconductor secot

Breakout,

 

After the big moves since 2009 it is difficult to get excited by the undervaluation of the semiconductor sector. However mobile upgrades, and especially the internet of things (50 billion devices estimate in 2020 by Mckinsey) is powering demand moves that are not affected by politics. There is still growth here.

 

Our technical analysis shows that there is a typical third try at a breakout and it will likely succeed to new highs. The trade war has been priced in.

 

HH