SOX PHLX Semiconductor Shortage won`t be solved anytime soon !!

Secretary of Commerce Gina Raimondo:
“The semiconductor situation is going to take a long time to fix”
“This is one I feel confident saying it's not going to be fixed in a month or two, or six, or 12 months.”

For now PHLX Semiconductor (^SOX) is oversold and we can see in the chart what was the price movement after the last oversold area.
I expect to be the same now, since the semiconductor shortage won`t be solved anytime soon.

My price target is 3730.

Looking forward to read your opinion about it.