SWKS

Today, I'm going to do Skyworks because this to me, for those of you who like to trade options, I think this is something I'm looking at to buy puts on because it's about as overbought as you can get and it's at >> a resistance level.

Do you have time for a bullish prognostication on Skyworks, ticker SWKS? And one of the reasons I want to throw this one in here is because Mark Patrino talked about this this morning.

First up, Skyworks, guys. We got SWKS in breakout mode. Look at this declining trend line taken all the way back here from July 30th of 2024. And look at this rip today, guys. up 9.79%.

I caution you guys overbought extremely at 80.29 on the daily time frame and we ran into near-term resistance with this pivot. But what do we like about breakouts, guys? We like to see breakouts.

We want to see a follow-up move tomorrow with a daily close above today's candle. And then we want to see that price drop right back down. give us that nice retrace for the uh pending bounce play up to tag this next level of resistance at $90.90.