There are only 1.44% of S&P Info Tech Stocks above the 50 DMA. Looking at history dating back to 2015, we generally get bounces around these zones. Even if bounces come, you would want SKFI to get back over the 50% range and hold. Failure to get back over and hold has historically let to more downside.
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.
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.