Skyworks Strong Upside Momentum

SWKS Strong Upside Momentum

Technology sector and the Semiconductor industry are on a strong upwards momentum
Expecting the price to continue upwards with the current price action.

Technical Analysis:
- Price rejected by 50EMA
- Followed by a very bullish confirmation candle
- Stochastic entered the oversold zone have reversed
- Strong sign of momentum via relative strength

This is a typical textbook setup with clear higher highs and higher lows.

Trade closed: target reached:

Happy profits :)