Monday, May 27, 2019 4:46:53 PM
The volume profile in Qrvo is very ugly, massive sell candles with over 100% extra volume each day for the last week,but can we it as capitulation and a sign to step back in to the long side. Given the exposure that NASDAQ:QRVO has to China it is a risky move. We see the $54 area been tested once again, on confirmation of it holding then it is a good time to get a reversal trade. The RSI is very low at 22 but it can go much lower as the NASDAQ:SOX could possible drop below the 200ma, bringing more selling.
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