Another Semi company that has held its 0.618 Fib, along with $AMD and $SMCI and had a strong day yesterday and it looks like there is some continuation in the PM today too.
RSI is still not at 30 yet, it is sitting at 29....after getting as low as 20 last week, so once support held, a bounce has been coming.
The price action can move up to its 200 Day MA which is at its 0.5 Fib now at $106 and here it will be met with a test, converting this level to support and a reversal is on here, this is also what we are observing with $AMD too.
I believe you are still early here too.
Minar Al-Balaawi
2024-08-13 10:42:21 +0000 UTC