Mar. 11 at 12:38 AM
$INDI just printed the largest volume candles in its history. Two back-to-back. 647K and 493K.
RSI lower than when the stock was at its all-time low of
$1.53. Price is at
$2.62. That divergence = forced selling exhaustion, not organic distribution.
Descending wedge from
$6 peak converging with ascending trendline from
$1.53 lows. Apex is RIGHT NOW at
$2.46–2.62.
Same pattern as
$ZS $CRDO $AAL this week — record volume + RSI extreme + wedge apex = exhaustion bottom signal.
Bull case: wedge breaks up →
$2.85 →
$3.20 →
$3.80. Jan 2028
$5 call block still on the tape — 2-year 2x thesis.
Bear case:
$2.46 fails →
$2.19 trendline →
$1.53 low.
Automotive semiconductor at all-time RSI lows with record volume.
$2.85 reclaim is the trigger.
#INDI #semis #automotive #hovdid
