Bearish setup on $ASX—this chip stock looks like it's setting up for a short. Classic pattern where the recent high might not be revisited for years. The lack of a 2x inverse ETF is frustrating for those looking to play the downside with leverage. Semiconductors are getting hit hard, and this one's chart structure suggests more pain ahead. If you're positioned short or looking at put spreads, this could be a multi-quarter trade as the sector digests overvaluation and demand uncertainty. Watch for any bounce to add to the position.