Jul. 17 at 8:43 PM
The semiconductor selloff is looking increasingly stretched in the short term.
I think we’re getting closer to the phase where these names start building real bases.
Key setups I’m watching:
$MU
Finding support around the March lows anchored VWAP, similar to the setup in
$QQQ, after already pulling back roughly 35% from ATHs.
$DRAM.X
Volume is beginning to return, showing early signs of accumulation.
$P
EverPure is shaping up with a possible double-bottom structure.
$NVDA
Saw a small fake breakdown, followed by a test of the 21-day EMA - watching for strength from here.
The weakness may be creating the next opportunity.
The next alert is almost here.
Without notifications on, you’ll likely miss the move until it’s already underway.
