drop from ~$24 to < $20 keeps resistance risk alive.
UMC’s breakout faded from around $24 to just under $20, with the chart implying a bearish continuation risk.
UMC is described as moving from a rounded bottom into a breakout, then peaking last week and falling from around 24 to just beneath 20. The speaker’s stop is set just above 21, reinforcing the view that weakness should persist unless the level breaks back upward.
"Semiconductors Fail!"