Few weeks ago earnings were announced and despite beating the expectations stock price dropped significantly. After reaching lower points and contacting demand zone stock price bounced up. If there will be movement towards 11.50 level in the next days, we should expect a further gain in price. In my opinion we have a buy signal. Next quarter earnings will probably be strong, especially because of cryptocurrency hype and demand for semiconductor parts of computers.
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Closing trade, Return 13%.
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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.