SMH fails to break through resistance
SMH rallied to key resistance and failed to break through. Gapped down next trading day. Looking to make another attempt at the resistance.
If this pattern holds trying to break through we may not see selling off with volume until we reach trend support
- SMH gapped down with volume after failing to break through
- started to recover as smart money took over in later day trading
- RSI is now below its SMA smoothing line
If this pattern holds trying to break through we may not see selling off with volume until we reach trend support
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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.