CRUS along with many other semiconductor companies has been in a slump from the highs over the past couple months. As we see other semiconductor stocks such as AMD, TSM rebounding with the money that is rotating back into the tech space, we should see CRUS make a strong move to follow the sector.
TECHNICAL Analysis: The main things I see are RSI Creeping back...
The Technicals : Bearish divergence forming on the 4h along with Volume drying up and exhausted price action. Wicking off the top of the downtrend.
The Fundamentals : I believe the recent uptick in the market is only due to the relief package news injecting a small amount of return to normal feeling in people. This will be short lived as Cov-19 is nowhere near...
There is a clear bearish div forming on the 4H however be careful when trading this because BTC tends to not listen to charts well when it is in mania.
