The $SOX looks like it will consolidate its recent gains as it falls below the January breakout point following a lower high. All indicators support a consolidation or a move lower at this time.
AMD needs to rest and consolidate after its recent gains. All indicators support this and the ADX line has started to curve down which implies that momentum is weakening. We shall soon see if AMD will be trapped in a narrow trading range, or it will fade back to a lower support level.
After a large gap up from a bullish diamond pattern, BRCM has been trading in a narrow trading range for over two weeks. It could be poised to bounce off of the bottom of the trading range in the coming days as recent selling pressure wanes.
MXIM coming into support.
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