SOITEC SA

• 2019-11-04
• Traiding Idea

Soitec SA is a France-based company engaged in the semiconductors industry. The Company focuses on the microelectronics sector, mainly in on the production and marketing of silicon-on-insulator (SOI) wafers. Its products are patterned and cut into chips to make circuits for electronic components. The Company offers solutions for miniaturizing chips, improving product’s performance and reducing energy usage. Soitec SA speeds up the mobile and digital sectors. Its products are used to manufacture chips that go into smart phones, tables, computer, Internet technology (IT) and data centers as well as electronic components in cars, connected devices and industrial and medical equipment. It operates in the domestic market and internationally.

Financial Data:

For the fiscal year ended 31 March 2019, Soitec SA revenues increased 43% to EUR443.9M. Net income applicable to common stockholders excluding extraordinary items decreased 2% to EUR89.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by R&D - Other increase from EUR4.4M to EUR15.8M (expense), Provision Reversal decrease of 95% to EUR281K (income).

Technical Analysis:  

First of all we have an upward trend for SOITEC chart. the price is at the momemt in Sniper position,  so price is above exponential moving avererage 20 , 50, 100, 200, in all time frames daily, H4, H1, M30, M15 . As you see the Price was in a Triangle since july 2019 and compressing for a big movement. last week the price broken triangle pattern and now pulling back on the top of triangle at the blue line. after pullback we can expected to continue the upward movement. 

Trading tips:

To open long positions, may be open after completing the pullback process and then open the position.
TP1:  107.36 @ R1 Monthly 
TP2:  115.40 @ near R2 Monthly and the trget of triangle