Chart is more useful in telling a story.
And the story here is that the Semiconductor Index is testing an important Resistance Level versus Nasdaq.
Once it breaks, it will outperform Nasdaq.
This is inline with the thesis that Semiconductor industry will be net beneficiary of Industrial Revolution 4.0.
Don't be short term sighted. This is multi year/decade story and theme.
in 10/20 years, people will be shooting themselves on their foot for not seeing the obvious.
And the story here is that the Semiconductor Index is testing an important Resistance Level versus Nasdaq.
Once it breaks, it will outperform Nasdaq.
This is inline with the thesis that Semiconductor industry will be net beneficiary of Industrial Revolution 4.0.
Don't be short term sighted. This is multi year/decade story and theme.
in 10/20 years, people will be shooting themselves on their foot for not seeing the obvious.
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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.