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Breakdowns collapse from 192 to 59 as longer-term breadth quietly improves, even as short-term momentum cools. Semiconductor leaders TXN, ASML, and TSM rally hard but on weak volume, leaving UTHR’s 2.84 RVOL as the lone institutional confirmation to watch into the close.
Chapter by chapter
Breadth Diverges: 40SMA Up, 20SMA Down
Long-term breadth improves while short-term momentum cools, producing a classic basing pattern despite an official Oversold regime.
Breakdown Collapse and Chip Leadership
Bear 4% breakdowns plunge from 192 to 59 while semiconductors lead the tape, though longer-term bull/bear cohorts stay split.
Chip Rally on Thin Volume
TXN, ASML, and TSM post strong gains but all trade under 1.0 relative volume, raising a credibility gap in the rally.
New Movers: BE, ARES, LEN, STLA
Fresh sentiment shifts and price target changes hit Bloom Energy, ARES, MBX, LEN, and STLA.
UTHR: The Lone Volume Confirmation
The 20% Study shows chip names like AMAT and ADI at supply with no volume, while UTHR stands out with 2.84 RVOL confirming institutional interest.
Sizing Down and Key Levels to Watch
The plan shifts to reduced sizing in chip leaders, with UTHR's and AMAT's supply zones flagged as the levels that will confirm or deny the move into the close.
Key points
Bear 4% breakdowns collapsed from 192 to 59, signaling a sharp reduction in selling pressure
Longer-term breadth (40SMA) is improving even as short-term breadth (20SMA) cools — a classic basing signature
Semiconductor leaders TXN, ASML, and TSM are rallying but all trade under 1.0 relative volume, creating a credibility gap
UTHR is the only name in the 20% Study showing real institutional volume confirmation (RVOL 2.84) at supply
The plan calls for sizing down chip exposure until volume confirms price action at key supply zones
See TXN in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open TXN in WaveFinder.
See ASML in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open ASML in WaveFinder.
See TSM in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open TSM in WaveFinder.
See BE in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open BE in WaveFinder.
See ARES in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open ARES in WaveFinder.
See MBX in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open MBX in WaveFinder.
See LEN in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See STLA in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See AMAT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See ADI in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open ADI in WaveFinder.
See UTHR in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open UTHR in WaveFinder.