'This is the stock to own' as semis snap back, technical analyst says

semiconductor ETF, which tracks the biggest names in the space, gained nearly 3% during Tuesday's session, snapping six-straight days of losses and avoiding what would have been its longest daily losing streak since January 2016.

"Here's a stock that made a higher low while the rest of the market was in free-fall in December," Wald said Tuesday on CNBC's"It broke out ahead of the market. You can see the 200-day starting to turn higher. Former resistance at 285 is now support. This is the stock to own," he said. The stock closed at $302 a share on Tuesday.

"The semi cycle is already starting to bottom out, and we're expecting to see a second half bounce ... in demand for semiconductors. And the really big, broad, 5G kind of big macro cycles, those are still in tact," she said.

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