As my tag PP_Guy states my trading style. I respect and follow price action, pivot points, fib and the square of nine.
The published statistics show a decline of memory products due to demand for some time, demand for these products is weakening. Then we all want to know when this false rally of hope and dreams will correct. I am leaning towards the next corrective phases to be more volatile and price drops even faster due to current market sentiment on high alert.
All input whether bear or bull is accepted as I have been wrong before and will be wrong again, that's trading! I have noted my targets and one can calculate the risk to reward ratios accordingly.