[KDJ] How I would trade SMH and NVDA After Taiwan Semi Stellar Earnings

TSM reported quarterly sales of $18.873 billion which beat the analyst consensus estimate of $18.395 billion by 2.60 percent. That is a 12.88 percent increase over sales of $16.719 billion the same period last year.

I will be trading SMH today (18 April) as there will be a high chance that there is going to be an upside move when market open, and based on using KDJ, I will be monitoring the trend, once we saw the K value start to form, and my entry price range would be $215.75 to $215.85.

I would be also buying into NVDA as I foresee that Nvidia would make a upside move, and the entry price I planned to go in would be $847.10 to $847.30.

I will be using the KDJ and MACD indicators to help me to prepare for my entry. The best time to enter would be when K value start to form up after days of downside.

I believe today we should see positive movement in the semiconductor sector, as TSMC stellar earnings should boost the investors confidence, SMH and Nvidia are areas that I would be monitoring and looking to buy into.

I will be using the MACD and KDJ indicator, I have briefly shared on how I planned to use, I hope to find time to write a proper article on how these 2 indicators could be used in combinations in a bullish upside setting.

Appreciate if you could share your thoughts in the comment section whether you think SMH and Nvidia should benefit from TSM stellar earnings release?

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.