SMH Semiconductors Weekly
I missed a call for a pullback on June 6, so Semis have held up pretty well since. We have a cup & handle on the weekly, and the point & figure also shows a distinct cup & handle.
I see a big breakout in the near future, perhaps catalyzed by a fed rate pause. In the nearest term, we have an island top on the daily, with declining money flow index, so there could be a small pullback, but nothing to get alarmed about.
I would like to add some semis on a dip....
I see a big breakout in the near future, perhaps catalyzed by a fed rate pause. In the nearest term, we have an island top on the daily, with declining money flow index, so there could be a small pullback, but nothing to get alarmed about.
I would like to add some semis on a dip....
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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.