$SITM New Market Leader?

NASDAQ:SITM   SiTime Corporation
$SITM just reported earnings on Aug 4th and blew it out of the water. We have an earnings gap and a nice resting day. This is on my watch list to see how it acts next week. I have put what I think are relevant notes on the chart. I am looking for a pullback over the next days or weeks. For my trading style this looks too extended for an entry now. I'd like to see a pullback to near the bottom of the gap up and then start a move back up where I'd look for a logical entry. If it drops and fills the gap it's off my list. Ideas, not investing / trading advice.

The EPS, ANTS and RS Line Indicators courtesy of @JohnMuchow on @TradingView

From earningswhispers.com:

Sitime (SITM) reported 2nd Quarter June 2021 earnings of $0.10 per share on revenue of $44.5 million. The consensus estimate was a loss of $0.14 per share on revenue of $40.0 million. Revenue grew 107.2% on a year-over-year basis.

SiTime Corporation is a market leader in silicon MEMS timing.

Ideas I publish are my own. These are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.