SLAB a really rebound ?

[Ramsburg]

Depressed stock, earnings beat the estimates yesterday, generating a huge volume and a big price action.
Technically speaking, SLAB breakout its short term descending pattern and touched the ema-50.

Not a «sure thing», but worthy to be on the watch list for now since the upside potential is interesting...

[Ramsburg]

Nice developments on this draft... After a 1 day consolidation candle, SLAB is already moving up again, now above the ema-50 and looking solid.

The ema-500 is near 39.50, and should be the next resistance level.