Breaking a key level to the upside in a clean regression trend combined with positive analyst expectations makes me believe this is a buy for maybe next few months.
Analyzing the options chain and the chart patterns of SMTC Semtech Corporation prior to the earnings report this week, I would consider purchasing the 26usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.73. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
As shown in the chart, we broke a bear flag. Technicals RSI is weak but growing. OBV hasn't been this high since early 2000's. If we can break the 200SMA line with strong technical indicators and volume. I see SMTC as a possible cheap high growing company. Heavy support/resistance lines: Resistance: $55 Support: $37.5