Long term: bullish bias
Short term: bearish bias (I would not take a short trade however)
Personally, I will wait for
Keep in mind that there has been a lot of insider buying done on this stock, this week. However, insiders aren't always best at timing the entries as they generally invest for the long term. If we wait a bit more I think we can get a better entry price. There is also a chip shortage right now so short-term it will probably drive the price down even further.
Good luck,
Your Ganbu
⚠️ Let me know your feedback and comments below!
⚠️ Follow me if you would like to see more analysis like this