CEVA Double Chinchilla Bounce UptrendCEVA, Inc.BATS:CEVARYW_MethodCEVA stock is an interesting 'story' - CEVA company licenses IP for wireless, AI edge chips, and sensing in the UWB (car digital keys + cabin sensing), Wi-Fi / Bluetooth / 5G IoT, and finally in Edge AI / automotive chips. This seems super important, so why has the stock price been falling? The key word is 'licenses'. The hype lately has been around the chip makers, not design licenses. Then why is ARM stock gaining, and aren't they similar? (You may ask.) Actually, ARM has a broader base of integrations; they are more 'general purpose'. Whereas CEVA is more specialized, and without CEVA their customers would not be successful. (See a list of their customers on their website.) So, this is a very good story and technical analysis because, yes CEVA is a hidden gem of sorts, yet it can be unpredictable in momentum and usually 'wins' based on their designs and sales. So, here's the story of CEVA in a storytelling mode, the technology analysis and chart pattern: You can see in this pattern, 2 chinchillas. You will notice the horizontal trend line, two tails and two paws. (Their ears and eyes are on the same vertical plane of time, respectively.) The key is their paws before they jump upward in a trend. (Remember: Chinchillas are built for burst jumping rather than sustained running.) So, it is not possible for their paws to go below the horizontal trend line, or this theory/analysis is incorrect. Chinchillas jump up with their hind legs, not their paws. So, their paws may go down, or the stock may pullback, yet it can not go below the horizontal line, or this trade will fail. YET, if you notice, it is their elbows that are below the horizontal line, NOT their paws. And, both chinchillas are in position to bounce up. This 'Double Chinchilla' bounce, has double the power. It also shows the 'mirror effect' too, which could easily reverse the bounce into another testing of the bottom again for support. My Double Chinchilla Bounce Uptrend summary: Breakout 1: 31+ (Base of Ears) Breakout 2: 39 (Over the Ears) Breakout 3: 53++ (Double Bounce Power)* *Reduce position by 80% and follow with close STOP LOSS to protect profit. Goes back to Accumulation Phase < 23 price. Thank you for letting me share this story, stock and what I predict. This is not financial advice, and I do believe in this company and their products/services.