SMTC Key levels:$35 = Yearly and Biannually demand
$50 = Broken upper channel wedge "Could be retested"
$20 = A cluster og yearly and 6 month demand
#SMTC is trading on a huge yearly and bianually demand where it accumlating more buys. The stock is trading below its 200 SMA and might stall upon retesting it.
Closing below $29 will unlock a zone down to $20 per share.
#smtc #stocks #stockmarket #ahmedmesbah
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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.