Watch These Skyworks Solutions Price Levels as Stock Dives on Weak Mobile Revenue Outlook | Global News Avenue

Skyworks Solutions (SwksStocks plunged more than 24% on Thursday after analog chipmakers expected revenues to slow down in their mobile business. The company also acknowledged that it is the largest customer, Apple (AAPL), no longer just buying certain components from it.

In addition, Skyworks announced leadership change with former Intel (INTC) Executive Philip Brace replaces former CEO Liam Griffin.

Skyworks has seen its stake drop more than 15% over the past year, partly due to excessive chip inventory due to slower absorption. Electric cars.

Given the sharp movement of stock expectations, we broke down technology On SkyWorks monthly table, determine the long-term price levels worth paying attention to.

Decomposition of transaction scope

SkyWorks stock oscillates in order Transaction scope Established a well-defined Support and resist level.

However, this extends Cycling world The period ends on Thursday, stocks approximately Below the mode Trend line After the company’s disappointing mobile sales forecast.

Let’s identify the long-term major support levels that investors may be focusing on Anti -trend assembly.

The main support level of viewing

The main lower level for the first viewing is around $62. While stocks are close to that price below this price on Thursday, investors should monitor whether the bulls can defend the area in closed areas groove This was formed on the charts for June 2016 and January 2019.

With the support of nearby areas, there is almost no support below this important level of technology, which is decisive break down Here you can see the stock fall to $36. The area on the chart is 60% lower than Wednesday’s closing price and may attract buying interest near February 2011 Swivel high.

Key overhead for monitoring

During countercurrent rally, investors should initially monitor the $74 area. Stocks can meet resistance in closely watched areas 200-period moving averagecurrently with a series of Price action On the chart between August 2015 and October 2019.

Finally, buying above this level will be a retest of $86 retest, with the position on this chart likely to encounter significant resistance near the lower trend line in the trading range.

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As of the writing of this article, the author does not have any of the above securities.