This high flying stock is overvalued and is at the weekly and daily Memory trendline resistance.


1) The industry is weak, and (2) decelerating.

3) Overvalued and (4) more than 90% of peer stocks are down today.

5) Weekly and (6) daily are at Memory trend line resistance.

7) Traffic Light candle color turned red as of ~10:00 AM EST.

Long holders may be cautious and short traders may look for low-risk entry opportunities.

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