NASDAQ:CY
Wow what a dop. Had to zoom out to monthly time frame to help show the indicators better. A bit from the fundamental aspect: CY is a great company, but if Infineon deal does fall through, then expect more downside, probably to blue 200ema on the monthly or even lower. And if it loses that long time green diagonal support, its going to get even uglier. But as of now it found support right at golden ratio of .618 and 100 ema (monthly) so that looks promising. Don't be surprised to see it drop further to .786 area on the fib which would correspond with that green diagonal support line and 50ema. But that support has been tagged so many times, I doubt it will hold up. Time will tell as always. But this is a bigger picture outlook.