Following is a monthly chart of Philadelphia semiconductor. As can be seen, prices broke out above the trend line in May 2019. However there is a possibility that the move up since November, 2008 bottom may be a 5 wave impulse of which the prices may currently be in wave (5). If this turns out right this breakout may prove to be a bull trap. However trend remains bullish till there are signs of reversal in shorter time frame. One reason for this line of thinking is a contracting triangle possibly formed at wave (4) position shown in weekly chart.
MONTHLY CHART
Weekly CHART
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