Category Archives: Weekly Charts

Inphi – Short Covering Rally Could Follow Breakout

Inphi Corporation (IPHI) makes semiconductors for the communications industry. Its stock price has been consolidating in a sideways pattern above support in the $34 area and below resistance in the $41 area, for the last seven months. A bullish moving average convergence/divergence (MacD) on the weekly chart in September preceded the October bounce off the… Read More »