$QCOM, $MU and $AMD Hit Key Levels as Chip Stocks Slide

The semiconductor selloff is putting some of the market’s biggest chip stocks at critical technical levels.

$QCOM has entered a long-term buy zone, $MU and $AMD are testing key support, while $SNDK has reached its long-term buy range.

Meanwhile, $AVGO, $AMAT and $ONDS are facing their own structural challenges.

Here are the seven setups and price levels I’m watching.

1️⃣ $Qualcomm(QCOM)$ — Long-Term Buy Zone

$QCOM has entered its Weekly Smart Money Zone. 🟣

The stock is selling off sharply after management issued relatively weak guidance, adding to the broader pressure across semiconductor stocks.

But from a technical perspective, this is a strong long-term buy zone. Historically, price has had a high probability of bouncing from this area and potentially breaking out over the next 6–12 months.

🎯 12-month upside target: $250
🛑 Stop loss: Below the swing low near $12

2️⃣ $Micron Technology(MU)$ — Waiting for the Institutional Buy Zone

I’m still waiting for $MU to reach the Institutional Buy Zone / Smart Money Zone we discussed yesterday.

The last line of defense is a smaller volume support level around $690.

If that support breaks, the next move could be a fill of the volume-profile gap, potentially taking price toward $500 within the next month.

3️⃣ $Advanced Micro Devices(AMD)$ — Critical $440 Level

$AMD needs to bounce from its $622 million volume support level and reclaim $440 within the next couple of days. Otherwise, the technical picture could deteriorate quickly.

The support has not technically broken yet because price has not closed below it for multiple sessions.

But if $AMD cannot reclaim $440, a short-term recovery becomes much less likely.

If the bounce fails, another 30% decline is possible, potentially filling the volume-profile gap and bringing price toward the Weekly Smart Money Zone near $287.

4️⃣ $SanDisk Corp.(SNDK)$ — Long-Term Buy Zone Reached

The bubble has played out, and $SNDK has just reached $900.

The stock is now entering its long-term buy zone, with the mean-reversion setup confirmed.

Well done to everyone who stayed patient and waited for this level.

5️⃣ $Broadcom(AVGO)$ — $200 Is the Key Level

$AVGO needs to hold its previous swing low at $200 to keep the bullish structure intact.

I remain bullish over the next six months.

However, if that support breaks, price could move lower to fill the price vacuum around $200.

6️⃣ $Applied Materials(AMAT)$ — Short-Term Structure Has Shifted

Unfortunately, $AMAT failed to hold short-term support.

The technical structure has shifted, and I would expect further selling pressure over the next couple of months.

🎯 Potential downside range: $200–$240

7️⃣ $Ondas Holdings Inc.(ONDS)$ — Redistribution Continues

The market cycle has indeed ended. ❌

The redistribution phase is still playing out, and I’m not looking to revisit the stock at current levels.

The next level I’ll be watching is $3.50.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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