Happy Taco Tuesday, Traderade Family! I hope everyone is having a great start to their trading week. I wanted to share an idea I have about a semiconductor stock that seems set for further potential downside.
Technicals are weakening
I originally shared this idea from a technical basis alone yesterday on the Traderade+ Discord server. The stock is trading down over 3% today so far, which made me curious about the rest of the picture. But before we dive into the fundamentals, let's talk technicals.