http://bigcharts.mar...&mocktick=1.gif
Posted on 1/28:
This one looks like BRCM did in May. You may recall my post regarding the fact the BRCM had weakness zone in roughly the same price range as this one 35-38... namely that there was no base built in the price range. As you can see SNDK is also hanging around that gap from 7/24. Looks to me like it gets filled. And then depending on how strong the volume is for that move whether or not that weak area from 35-38 gets tested. Considering semiconductor fundamentals are weak as well as weakening consumer demand, either the chips are going to come back as a group and take SNDK back up or they are going lower and SNDK is going to fall under 35 and head for the lower gap.