Savvy Trades and Investments

[wadegarret]

ESIO- Article on chip gear group

that mentions 4 other stocks in the same sector as ESIO.

https://finance.yahoo.com/m/0db69045-f808-3a6d-a203-483515285469/ss_these-5-stocks-are-racing-to.html

Interestingly, each of these other four stocks-ASML, LRCX, CCMP, and AMAT have almost identical recent chart patterns, and with last weeks spike, ESIO looks quite similar. I mean although these other 4 are much larger companies, and their up cycle has been longer, they all seemed to have peaked almost the same day- Nov 21. Not only that, but all five stocks have now made a double top or very close to their Nov 21 all time highs. Big question now is, will it continue. Thing is, if it doesn't continue for LRCX, ASML, or CCMP, I doubt it will for ESIO no matter how good the recent news. Another reason to be cautious on any of the chip stocks, no matter what sub sector they're in