Aug. 9 at 6:35 PM
$SITM looks a lot healthier than that +40% weekly candle might suggest.
What caught my attention isn’t just the size of the move, but where it happened. The stock spent roughly three months resetting from ~
$850 toward
$500, momentum cooled off, and then earnings flipped the chart hard.
Volume came in around 5.75M versus a 4.40M average, while RSI is still only around 61.7. So yes, it’s had a huge week, but the chart doesn’t look completely stretched to me yet.
The big test now is the old ~
$850 high.
If SITM can break through and actually hold it on strong volume, I’d start watching the
$950–
$1,000 area.
I’m not chasing the candle.
I want to see whether buyers can follow through.
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