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" semiconductor people, semiconductor soul, investing in semiconductor people!" Today, our semiconductors fell again. I believe many friends are very frustrated, but Big Head thinks this is completely unnecessary. I think this wave of adjustment of semiconductors is just a retracement, and it will rebound further after the retracement.
From the technical perspective, semiconductors are under pressure from 120 daily moving average , so they have recently stepped back. At the same time, today it also stepped back to the support level of 60-day moving average . According to the trend, it is necessary to start rebounding.
In addition, semiconductors are oscillating around the Bollinger Band middle and upper rails recently, and now they have come to the middle rail. In addition, the direction of the middle rail is up, which means that the semiconductor rise has not ended, so starting tomorrow, semiconductors are expected to rebound. Of course, Big Head is still optimistic about semiconductors.
Regarding the reasons for being optimistic about semiconductors, I have summarized three reasons, as follows:
1, sufficient adjustment time and decline: Semiconductor's major adjustment started in July 2021. At the same time, the semiconductor index has fallen by 33.11% since the beginning of this year, so the decline and adjustment time of semiconductors have been very sufficient.
2. Valuation is at a historical low: semiconductor is currently in the historical low valuation range, with price-to-earnings ratio (PE) of (PE) being 40.62 times, and the PE percentage is lower than 89.34% of the time in history, indicating that it is already very cheap now.
3. Accelerating process of domestic substitution: Due to the pressure of the outside world's "bottleneck", the process of domestic substitution of semiconductor chip is accelerating, and the development of the industry is expected to enter the fast lane, which is a strong basis for semiconductors to stop falling and stabilize.
To sum up, semiconductors have favorable measures to support, with sufficient adjustment time and adjustment range, and the valuation is at a low level. Big Head thinks that semiconductors are now in the bottom area and rebounds may be about to break out.
