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Technology Stocks : Semi Equipment Analysis
SOXX 291.39+2.8%4:00 PM EST
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To: Elroy who wrote (90598)8/21/2023 12:56:08 PM
From: Return to Sender1 Recommendation

Recommended By
The Ox

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Could be about 40% upside on ALGM just getting back to its recent high. Most stocks in the group are off around 20%. ALGM beat last quarter and raised for the next.

Obviously I could be wrong and ALGM may trade even lower. Especially if the market heads even lower throughout the rest of August and September.

October bottoms have been historically repeated over and over. So a rally now may be nothing more than a short term counter trend rally within the current downtrend.

RtS
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