SMTC: Longer Term PotentialBreaking 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.
Semtech
SMTC Semtech Corporation Options Ahead of EarningsAnalyzing 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 them.
Looking forward to read your opinion about it.
Semtech bouncing back (technical study)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
