$SITM — A+ Weekly Setup With a $900 Long-Term Target

PeterDiCarlo
11-05 15:43

🟣 $SiTime Corp(SITM)$ is currently trading in a strong discount range on the weekly chart.

Based on the current market structure, a move toward the previous swing high near $900 remains possible over the next 12–18 months, provided the setup continues to hold.

🎯 Key Levels:

  • Weekly Smart Money Zone: Current trading range

  • Upside target: $900

  • Invalidation: Weekly structure breaks below $300

  • Major catalyst: Upcoming earnings

Earnings will be an important test. The results could determine whether this setup gains momentum, consolidates or becomes invalidated.

I'm not taking a position at this level because my capital is allocated elsewhere.

However, from a rules-based, longer-term perspective, $SITM remains an A+ setup on my watchlist.

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.

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