semiconductors climbing out of the hole
Updated
right now major indices and the nasdaq especially is banking on semis carrying a significant bounce out of the giant hole they have dug for themselves and us all. it follows that if we can hold 15.80s breaking 16.80s and continue with TRAMA staying over VWMA with both averages rising together that we should hae the go ahead to close the gap around 18.60s (strange that the decimal and integer are inverted 🤔 for either target). should ve a mega green day if we just manage to keep oscillators headed toward overbought with the price making higher lows.
Note
we obviously sank a little farther than i had thought we might, and the price seems averse to as steep a climb as is predicted in this chartgap close was not optimal, and we probably wont see as green a day as we could have, but action still seems bullish for the time being
staying over high 15s is crucial for bulls right now, and if we get a good break of high 16s, and close 15 mins - an hour above those levels gap close at mid 18s should still be a valid target
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