QRVO - Bullish Setup

٩ يناير ٢٠٢٠

Qorvo gapped up on an earnings announcement & has held the level. The RSI seems to be bouncing off the 50 level as the slow stochastic exits an oversold condition. The recent low candle had a higher than average volume accompanying it which I noted on the chart. Good relative strength in this name too. This is a tech company within the semiconductor industry, which never hurts in this market.