Price is oversold in the weekly timeframe and has already bounced off twice the strong support with lots of volume the two times. Is very early to tell if is forming a double bottom, but it looks that market doesn't want the price to go lower under the support. This a long term holding, maybe a couple of years but the risk reward is too good to ignore it. On the other hand, check my previous post lines below on AVGO, another chip maker.
