This one just hit my radar, and here’s how I plan to approach it:
$9 Break = Key Alert Level
This is the trigger zone. I’ve got a volume alert set at 35K to confirm there’s real interest backing the breakout. No volume? No dice.
Downside Risk:
If this fails to hold the Low Volume Node at $7.73, it could flush to $7.15 support. That’s the next major demand zone, so know your risk before you size.
Fundamentals:
It’s not a crown jewel fundamentally but not trash either. The last quarter’s earnings +142% sales growth definitely caught my attention. That kind of spike can be a precursor to institutional interest — especially in low float names.
Relative Strength:
It’s got low RS, and the industry rank is 114, which means this name is swimming against the tide unless we get a sector-wide rotation into chips. I usually look for names in the top 40–50 industry ranks when hunting breakout setups or early leaders, but every cycle has its sleepers.
Float & Volatility:
Only 25M float, which is ripe for explosive moves if we catch early accumulation. But don’t forget: Beta = 2.11, so it's a whipsaw. Small position sizing is key.
Institutional Sponsorship is low, but not a terrible thing if you are looking to catch the wave early.
My Plan:
Start small near $8.88 and only add on strength through $9 with volume confirmation. If it can hold above and consolidate, I’ll consider scaling in — otherwise, I’m out.
Final Takeaway:
Not a "buy and forget" play — this is a technical setup first, fundamentals second. But if semis heat up, this could be a low-float sleeper that wakes up fast. Just respect the volatility and let the volume lead the way. Besides the ascending triangle, a will be looking for bullish patterns on smaller timeframes leading up to $8.88
Thank you for your time. Stay sharp & trade with intent,
OnePath
$9 Break = Key Alert Level
This is the trigger zone. I’ve got a volume alert set at 35K to confirm there’s real interest backing the breakout. No volume? No dice.
Downside Risk:
If this fails to hold the Low Volume Node at $7.73, it could flush to $7.15 support. That’s the next major demand zone, so know your risk before you size.
Fundamentals:
It’s not a crown jewel fundamentally but not trash either. The last quarter’s earnings +142% sales growth definitely caught my attention. That kind of spike can be a precursor to institutional interest — especially in low float names.
Relative Strength:
It’s got low RS, and the industry rank is 114, which means this name is swimming against the tide unless we get a sector-wide rotation into chips. I usually look for names in the top 40–50 industry ranks when hunting breakout setups or early leaders, but every cycle has its sleepers.
Float & Volatility:
Only 25M float, which is ripe for explosive moves if we catch early accumulation. But don’t forget: Beta = 2.11, so it's a whipsaw. Small position sizing is key.
Institutional Sponsorship is low, but not a terrible thing if you are looking to catch the wave early.
My Plan:
Start small near $8.88 and only add on strength through $9 with volume confirmation. If it can hold above and consolidate, I’ll consider scaling in — otherwise, I’m out.
Final Takeaway:
Not a "buy and forget" play — this is a technical setup first, fundamentals second. But if semis heat up, this could be a low-float sleeper that wakes up fast. Just respect the volatility and let the volume lead the way. Besides the ascending triangle, a will be looking for bullish patterns on smaller timeframes leading up to $8.88
Thank you for your time. Stay sharp & trade with intent,
OnePath
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.