SMH | Informative

Updated

If the ETF surpasses the bullish line situated approximately at $150.69:

Bullish Target Price 1: It seems that $152.30 is the immediate resistance, given the previous price reactions around this level.
Bullish Target Price 2: If it clears the aforementioned level, the next potential target could be $154.05.
If the ETF drops below the bearish line at $149.98:

Bearish Target Price 1: $148.20, based on the support line drawn.
Bearish Target Price 2: $146.65 seems to be the next level of support.
Bearish Target Price 3: The support appears to further deepen around $143.35.
Bearish Target Price 4: If the decline continues, $139.76 might act as a significant support given the volume profiles indicated.

Trade closed: target reached

shkspr

Also on:

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.