
Sorry Bulls - this is what's happening
This is today's chart. Down from $300.77 (close on 6/22/26) to $135.47 on 7/17/26 - (-54.9%). The price is trying to rally and I still think it might rally to around $190 to $200. But what will happen next?
This chart is from the last peak in 2024 at $68.59 on 7/10/24. The price then fell to $27.89 on 8/5/24 - (-59.4%). The price then rallied to $41.73 +49.6% on 8/21/24. But what happened next?
This chart is from another peak in 2021 at $72.99on 12/27/2021. The price then fell to $36.39 on 1/27/2022 - (-50.18%). The price then rallied to $51.02 +40.3% on 2/9/2022. But what happened next?
So what happened next? Well its not good new bulls.
After the rebounds of 40% (2022) and 49% (2024) the price fell to $6.93 (10/14/2022) and $8.25 (4/8/2025). That's an overall drop of 90.5% (2021/2022) and 87.9% (2024/2025).
History doesn't repeat but it rhymes.
Semi's are historically a boom and bust sector
lets face it. We just experienced the boom
We're in the midst of the bust.
It will bottom again and there will an opportunity to scoop up shares for much cheaper than they are today.
You should be thanking Flaky for the warning. Put your pride aside, cut your losses and thank yourself later.
or not.
None of this is financial advice. I'm just in agreement with Flaky that this is headed back down to double digits before its getting back to $300.