SITM: SiTime Rebounds After Earnings — Is the Bottom In?SiTime CorporationBATS:SITMSam-McMahonSiTime (SITM) is still following the ABC correction mapped on the chart. The question is whether wave C has now ended following last week’s strong rebound on earnings. Looking at the daily chart, with a closer look at the rebound on the hourly timeframe, price turned between the 88.7% and 100% Fibonacci extensions. These mark wave C measuring 88.7% of wave A and equal length to wave A, respectively. I didn’t buy at that point because price was sitting between the Fibonacci levels rather than reacting cleanly at one. The earnings reaction may have marked a bottom, but that remains unconfirmed. I’m watching how price develops over the next couple of weeks. A move above the wave B high would strengthen the case that a reversal is underway.