Semtech bouncing back (technical study)
As shown in the chart, we broke a bear flag.
Technicals
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:
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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