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Sanmina Corporation

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SANM Long Trade Setup! 📊 ⏱️ Timeframe: 30-minute chart 📍 Technical Highlights: Ascending triangle breakout near $104.25 (confirmed) Strong base forming above $103 (white and yellow support lines) Price trying to break $105 resistance (red line) for further upside 🎯 Targets: TP1: $105.81 TP2: $106.39 (Both marked in light blue — recent resistance zone) 🔐 Risk Management: Entry: ~$104.30–104.50 Stop Loss: Below $103.80 Risk–Reward Ratio: Great setup — clear structure 📈 Trade Plan Summary: Item Value Entry ~$104.30 Stop Loss ~$103.80 Target 1 $105.81 Target 2 $106.39 Pattern Ascending Triangle Breakout ✅
NASDAQ:SANMLong
by ProfittoPath
SANM Breakout Setup – Trendline Holding 🚀 📝 Description: SANM is showing strong bullish structure with consistent higher lows and a trendline acting as dynamic support. Price is now pressing against a key resistance zone around $93.60–$94.00 and looks ready for a breakout continuation. 📍 Entry: $93.69 🎯 Target: $95.29 🛑 Stop Loss: $93.00 ⚖️ R:R: Clean 2:1+ risk-reward setup 🕒 Timeframe: 30-min chart 📊 Strategy: Trend continuation / Breakout confirmation Watching closely for volume and momentum above resistance. #SANM #BreakoutSetup #TradingViewIdeas #TechnicalAnalysis #ProfittoPath #LongTrade
NASDAQ:SANMLong
by ProfittoPath
Sanmina Corporation (SANM) AnalysisCompany Overview: Sanmina Corporation NASDAQ:SANM is a global leader in advanced manufacturing solutions, offering end-to-end services from design and engineering to logistics. Serving diverse industries such as healthcare, defense, automotive, and cloud computing, the company has built a reputation for quality and innovation. Sanmina's broad industry reach mitigates dependency on any single market, ensuring stable and resilient financial performance. Key Growth Drivers Diverse Industry Exposure: Sanmina serves a broad spectrum of industries, including: Healthcare: Demand for high-quality medical devices and diagnostic equipment. Defense & Aerospace: Focus on mission-critical electronics and systems. Automotive: Growth in electric vehicles (EVs) and autonomous technology. Cloud Computing: Rising demand for advanced data center and networking solutions. This diversification ensures consistent revenue generation and reduces the impact of sector-specific downturns. Strategic Joint Venture in India: 49.9% Stake in Reliance JV: Sanmina's partnership with Reliance Strategic Business Ventures provides access to the fast-growing Indian market, which is a hub for electronics manufacturing and technological innovation. This joint venture positions the company to capture significant market share in India, leveraging Reliance’s local expertise and Sanmina’s manufacturing capabilities. Focus on High-Growth Sectors: Sanmina's emphasis on medical, defense, and cloud computing aligns with global trends, including: Increasing healthcare investments. Rising defense budgets globally. The ongoing digital transformation driving demand for cloud and edge computing solutions. Financial Highlights and Tailwinds Steady Revenue Growth: Sanmina's diversified portfolio and global footprint have enabled consistent financial performance, even amid economic fluctuations. Operational Excellence: The company’s focus on operational efficiency, including cost optimization and technological innovation, supports profit margin improvements. Position in Emerging Markets: With the Indian government promoting domestic manufacturing, Sanmina’s joint venture is poised to benefit from favorable policies and strong regional demand. Stock Outlook Bullish Momentum Above $67.00-$68.00: The company’s strategic positioning and exposure to high-growth sectors support a positive long-term outlook. Upside Target: $100.00-$102.00, reflecting confidence in its ability to expand revenue and enhance shareholder value. Institutional Confidence: Sanmina’s strong financial foundation and growth prospects make it an attractive investment for both institutional and retail investors. Conclusion Sanmina is well-positioned to capitalize on its global reach, diverse industry exposure, and strategic presence in high-growth markets like India. Its focus on advanced manufacturing for critical industries ensures long-term relevance and growth potential. 📈 Recommendation: Bullish on SANM above $67.00-$68.00, targeting $100.00-$102.00.
NASDAQ:SANMLong
by Richtv_official