VanEck Semiconductor ETFUpdated SMH eyes on $237: Key support that needs to hold for next leg up
Chip stocks have been cooling down for a few months.
SMH covers a cross section of the industry and is dipping.
Currently testing a key support acting as bottom of range.
$ 236.36-238.96 is the current support of interest.
$ 246.87-247.78 above is minor but key resistance
$ 225.66-225.86 below is next support for stop loss.
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All of these zones were obvious in last analysis:
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The major levels for SMH are set by its "Genesis Sequence":
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SMH covers a cross section of the industry and is dipping.
Currently testing a key support acting as bottom of range.
$ 236.36-238.96 is the current support of interest.
$ 246.87-247.78 above is minor but key resistance
$ 225.66-225.86 below is next support for stop loss.
.
All of these zones were obvious in last analysis:
.
The major levels for SMH are set by its "Genesis Sequence":
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Trade active
Houston: "We have IGNITION"(yellow shaded area is from posting time).
We have initial move, lets see if continues.
If continues, I will measure and poject targets.
But very good chance this is a BOTTOM.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
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.