jaxdog

$SITM New Market Leader?

Long
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.
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