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

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