Another Swing Trade Here

The long-term trend is bullish. You can see this with the monthly candles. I believe this trend will continue since RMBS is ripping with other semiconductor stocks.

We just experienced a dip in this name. I wish I had gotten in on Friday because the price really ripped after climbing out of the consolidation period. Personally, I think it is headed up to retest 52-week highs. That would be a nice gain in itself. It may even make new 52-week highs as long as this semi hype continues.

It is always nice to see all of the popular indicators like MACD, KDJ, and RSI starting to move upward.

There is always a chance that the semi rally could be losing steam. So use a stop loss so you don't get caught holding a bag. I don't believe things will go lower but you always want to mitigate risk.

That being said, if this ticker does dip further then I do still believe it is a good long term hold. Just not for a swing trader like me.

As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you can't afford to lose. Give some of your investments time and know when to cut your losses.

Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.