SMH shows signs of bullish turn around
SMH experiences a false breakout and tries to sustain it for a few periods with increased volume
This gives a signal that bear drawdown has weakness in it and bulls maybe taking over soon.
- SMH experiences first false breakout above
- Tries to hold higher levels outside resistance
- Increased volume is accompanied with this breakout
This gives a signal that bear drawdown has weakness in it and bulls maybe taking over soon.
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