With the growing global demand in EV-related components, D&O along with other semiconductor peers in general were among the best performers in technology stocks last year. On the monthly chart, we can see a powerful rally in a parabolic fashion since the recovery from March 2020 global market meltdown triggered by the Covid-19 pandemic. As we see on the chart, the powerful rally forms an extended version of the 5th wave of a larger degree wave 3. As guided by Elliot, when the 5th wave of an impulsive wave is extended it often ends at a phi/fibbonacci proportion of the range of waves 1 through waves 3. We applied the latter to our wave analysis and found that the ATH level for D&O ends at 7.618 fib extension level. Although the price is still making a series of higher highs and higher lows, we noticed some hesitation in the recent price movements. RSI on the other hand seems 'tired' on the monthly chart and it keeps on showing negative divergence while volume are diminishing with each recent new highs on daily and weekly charts (Not shown here) which implies that the uptrend is weakening and may not sustain for long. We are not sure where wave 3 will terminate but we are in a view that the bulls are becoming exhausted and a correction might soon follow.