This looks like a good risk reward entry area. Shorting under the 200 EMA...
Note
ENTG: Approaching a Key LevelAnother 6-7 points lower, and ENTG will have given back 100% of its run from the AI boom that fueled semiconductor stocks last year. Normally, this is a good spot to take profits on 40-60% of the position—especially after a broad market selloff like the one we just saw.
No need to be greedy here. Taking some off the table makes sense.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.