SMTC SMTC (Semtech) – Weekly Outlook
Structure & Levels
• Bullish Line: 48.65 (must hold)
• TP1: 50.42
• TP2: 52.66
• TP3: 72.96
Trend
• 2024 printed multiple HH → strong bull cycle
• 2025 formed LH + LL → corrective phase
• Price retesting major supply zone (48–52)
Bullish Case
• Hold above 48.65 confirms strength
• Breakout > 52.66 opens path to 72–75 zone
Bearish Case
• Rejection below 48.65 = trap → downside risk to 40–35 support
View
• Watching for weekly close above 52.66 with volume for continuation
• Below 48.65 = invalidation
Professional outlook, not financial advice
Trade closed: target reached
TP1 and TP2 hit, if it breaks out then next target is 73$Note
TP3 HIT
Disclaimer
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.
Disclaimer
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.