Looking at the overall chart from a monthly standpoint we have a breakout of a bull-flag created from July 2020 till the break out in July of this year 2021. Over the last 5 months has since increased in price by 50%. It would seem that there is area of support between $133 and $146. that is a hot consolidation area. I can see this happening a few ways. 1) Seeing that we have bounced off of the 50 day moving average $146 is the first critical selling point where as it breaks $146.20 we may see gaps up as the yellow lines indicate areas of previous resistance that eventually broke . While the green lines indicate areas of support noticed, the red lines indicate areas of resistance noticed. We will see a push through and close a ATH by the end of the year of $164.48 2) we can have a hiccup and come back to $122. 3)I would personally take a target to $155 and take some off the top and ride the rest to ATH before feburary earnings
Catalyst: -Xilinex merger -Chinese government post poning merger -Chip shortage -New Product Premire Jan 4th -Earning Februrary
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.