Possible bull pennant forming here . I think we head back to 271 before any breakout if a breakout is in play. Down trend seen in RSI and MFI. Macd says selling pressure isn't easing up either.
Resistance is at that obvious fibonacci .236 at 310.85. If it can break above that area the next resistance is that pennant top at 315.
Around that 271 area is its 50sma. No evidence of a fire sale in the chip sector yet so I doubt it they let it drop below 271 or 50sma.
Resistance is at that obvious fibonacci .236 at 310.85. If it can break above that area the next resistance is that pennant top at 315.
Around that 271 area is its 50sma. No evidence of a fire sale in the chip sector yet so I doubt it they let it drop below 271 or 50sma.
