Semtech bouncing back (technical study)

As shown in the chart, we broke a bear flag.

Technicals

• RSI is weak but growing.
  
• OBV hasn't been this high since early 2000's.
  

If we can break the 200SMA line with strong technical indicators and volume. I see SMTC as a possible cheap high growing company.

Heavy support/resistance lines:

• Resistance: $55
  
• Support: $37.5