Divergent structure, could lead to early trend reversal.

This one just hit my radar, and here’s how I plan to approach it:

$9 Break = Key Alert Level
This is the trigger zone. I’ve got a volume alert set at 35K to confirm there’s real interest backing the breakout. No volume? No dice.

Downside Risk:
If this fails to hold the Low Volume Node at $7.73, it could flush to $7.15 support. That’s the next major demand zone, so know your risk before you size.

Fundamentals:
It’s not a crown jewel fundamentally but not trash either. The last quarter’s earnings +142% sales growth definitely caught my attention. That kind of spike can be a precursor to institutional interest — especially in low float names.

Relative Strength:
It’s got low RS, and the industry rank is 114, which means this name is swimming against the tide unless we get a sector-wide rotation into chips. I usually look for names in the top 40–50 industry ranks when hunting breakout setups or early leaders, but every cycle has its sleepers.

Float & Volatility:
Only 25M float, which is ripe for explosive moves if we catch early accumulation. But don’t forget: Beta = 2.11, so it's a whipsaw. Small position sizing is key.

Institutional Sponsorship is low, but not a terrible thing if you are looking to catch the wave early.

My Plan:
Start small near $8.88 and only add on strength through $9 with volume confirmation. If it can hold above and consolidate, I’ll consider scaling in — otherwise, I’m out.

Final Takeaway:
Not a "buy and forget" play — this is a technical setup first, fundamentals second. But if semis heat up, this could be a low-float sleeper that wakes up fast. Just respect the volatility and let the volume lead the way. Besides the ascending triangle, a will be looking for bullish patterns on smaller timeframes leading up to $8.88

Thank you for your time. Stay sharp & trade with intent,
OnePath