AaronJe
06-11

Not gonna lie, it's getting really hard for me to stay super bearish here.

Too many quality charts still look ready for another leg higher.

Some setups catching my eye right now:

$Ichor Holdings Ltd.(ICHR)$  → clean flat base

$SanDisk Corp.(SNDK)$  → flags keep stacking

$Astera Labs, Inc.(ALAB)$  → another tight flag

$Acm Research Inc.(ACMR)$  → coiling hard

And honestly, the list keeps going:

UMC, MRVL, MU, TTMI, TEV, SEZL, CAVA, STM, CEVA, AMBQ, APH.

This doesn't feel like a market that's completely breaking down.

It feels more like rotation underneath the surface, while traders keep waiting for a bigger correction that never fully shows up.

Could we still pull back? Of course.

But when this many strong names keep building bullish structures at the same time, I have a hard time leaning aggressively short.

Something still feels bid under this market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment