$MU and $STX have already broken out of their basing flags, $SNDK hasn't yet but likely follows, memory led the whole sector selloff and now maybe leads the recovery. $SMH's chart looks similar to where these names sat before they broke, worth watching for the same setup. Musk's line on the TSLA call, tell me memory is tight without telling me memory is tight, lines right up with that read. Gradual deployment still beats chasing the breakout here.
Aggregated and distilled by Two Sentence Traders. Not financial advice.