Nice setups developing in several semiconductor IPO bases.

MBLY GFS ARM all went public within the past 2-years.

Range-bound trading since then, but these bases can set up powerful breakouts if bullish risk sentiment increases.

MBLY daily chart below. Ideal trade scenario (for me) is price tests resistance around $45 then does a small retracement of the rally since October.

That builds energy for a breakout over $45.