$POWI • downtrend breakout, holding firmly above confirm 👀
Lower highs from the June $91 top. Broke the line Sep 22, retested, and is now lifting through $53.15.
📊 High-voltage GaN power semiconductors for data centers, EVs, and industrial electrification. Q2 revenue $118.9M, up 10% sequentially, growth across all four end markets. The stock has lagged the business though, down 18% since the August earnings beat, so this breakout is the chart catching up, not a fresh catalyst.
Sitting at $55.05, holding above confirm.
✅ Confirmed at $53.15
🟢 TP1 $57.88 (+5.1%) · TP2 $66.18 (+20.2%) · TP3 $74.92 (+36.1%)
⛔ Invalid close under $50.50 (-8.3%)
#stocks
Lower highs from the June $91 top. Broke the line Sep 22, retested, and is now lifting through $53.15.
📊 High-voltage GaN power semiconductors for data centers, EVs, and industrial electrification. Q2 revenue $118.9M, up 10% sequentially, growth across all four end markets. The stock has lagged the business though, down 18% since the August earnings beat, so this breakout is the chart catching up, not a fresh catalyst.
Sitting at $55.05, holding above confirm.
✅ Confirmed at $53.15
🟢 TP1 $57.88 (+5.1%) · TP2 $66.18 (+20.2%) · TP3 $74.92 (+36.1%)
⛔ Invalid close under $50.50 (-8.3%)
#stocks
