$SLAB high volatility pull back within uptrend to support
1) Price has pulled back into a validated trend line
2) This level also coincides with the highs made in late April that price later broke out through convincingly
3) Price has gone through lower bollinger which is typical of the high volatility pull back that most uptrends experience
4) Volume on the most recent trading day remained exceptionally low indicating the potential to fade the sell down
5) Price remains above the 100 day SMA and the 100 day remains above the 200 day SMA which is a bullish configuration
As always DYOR
2) This level also coincides with the highs made in late April that price later broke out through convincingly
3) Price has gone through lower bollinger which is typical of the high volatility pull back that most uptrends experience
4) Volume on the most recent trading day remained exceptionally low indicating the potential to fade the sell down
5) Price remains above the 100 day SMA and the 100 day remains above the 200 day SMA which is a bullish configuration
As always DYOR
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