dorfmanmaster

Semtech bouncing back (technical study)

Long
NASDAQ:SMTC   Semtech Corporation
As shown in the chart, we broke a bear flag .

Technicals
  • RSI is weak but growing.
  • OBV hasn't been this high since early 2000's.

If we can break the 200SMA line with strong technical indicators and volume . I see SMTC as a possible cheap high growing company.

Heavy support/resistance lines:
  • Resistance: $55
  • Support: $37.5

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