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SIMO short: bollinger squeeze, big potential break down. Profit taking likely on uptrending stocks

|Includes: Silicon Motion Technology Corporation (SIMO)

 SIMO SHORT: overall markets at key levels with long term charts turning bearish, uptrending stocks are risking strong profit taking. SIMO: very clear support line about to be broken, bollinger band squeeze indicates a potentially strong break down. Likely gap down at the open. To follow closely:
SIMO short: sell stop 11.60 (1.5% limit), stop loss 11.71, target +0.42$
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