This stock is a potential key stock for a couple of markets as its a big weighted stock in both the SMH and AEX. The spike to a new high can still be counted as a 5th wave as the recent gyrations appear to be a thrust from a 4th wave triangle. If you have some knowledge of Elliott Wave, then you will likely know that a thrust form a 4th wave triangle of an impulse wave is a terminal move.
A strong move back below 154.30 is needed to suggest wave 5 is completed and potentially complete larger 5th wave of an impulse wave from the 2009 lows. The large RSI divergence is also supportive of a 5th wave and completion of an impulse wave from the 2016 lows.
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