SMH is forming resistance line during rallySMH today has formed a resistance line impeding it from continuing its rally We want to see SMH break through this line and hold before making any more entries Expect to see a small bounce after breaking through before continuing the rally upward Longby ratchet-mintPublished 0
SMH rallies to new highs with room to goSMH rallied to new highs today and into higher trading area which originally appeared to be very overbought 1 hour interval shows both 10 and 20 RSI levels in overbought territory 2 hour interval shows 20 RSI having more room to grow. initially exited riskiest positions figuring on this new high being way outside the bounds of normal This is now looking to have some more room left in it. expect a small pullback or pullback in time over the next day or two. Longby ratchet-mintPublished 0
Monthly island reversal in the making?I was looking over some monthly charts today (in candlestick format) and this one stood out to me on the monthly as a possible topping pattern...a monthly island reversal. On the 1st trading day in June 2024 SMH gapped up but then on the first trading day in August 2024 it gapped down creating a visual island reversal look. Technically speaking I think Island Reversal gaps do not clear but instead "gap and go" so I'm sure someone will correct me if this is the case but visually speaking (if and only if this is a top) one could look back and suggest this to be the case after the fact. And July 2024 created an "inside month"...another possible sign of a reversal. If the gap down is no longer present at the end of August then I will stop myself out of this trade but it's worth a small short IMO. Shortby VixtinePublished 5
SMH held its ground above key support levelToday was an important day for semi conductors. In order to solidify a bullish pivot it needed to remain above a key support level. SMH held above key support lack luster moves across the market indicated indecision and caution amongst traders about the future being bullish or bearish This could mark the sign of a turn around to the upside longer term considering the recent rally and today's modest moves, this could be the distribution phase of the rally cycle which would mark a small pullback in the coming days by ratchet-mintPublished 0
$SMH - There is a danger of H&SNASDAQ:SMH There is a risk of a Head and Shoulders pattern forming. NASDAQ:NVDA earnings could determine the direction it takes. 👀by PaperBozzPublished 0
SMH breaks through key resistanceSMH breaks through key resistance giving a hint that downward trend could be coming to a close for the near term. RSI continues to rise during recent rally which is a bullish sign Flash crash we experienced on Fri-Mon tends to cause rallies which we have experienced thus far potential breakout we are currently seeing could just be false breakout before retreating back into downward trend. We should wait for pullback to resistance line and bounce upward to help confirm if this breakout will continue Any trades made now should be done cautiously and in small amounts, the market could go in either direction. Trades made now, should not be added onto until we have more confidence of the overall direction.by ratchet-mintPublished 0
Opening (IRA): SMH Sept 20th 199 Covered Call... for a 192.24 debit. Comments: (High IVR/IV at 108.2/47.6). Buying stock and selling -75 calls against to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Will generally look to take profit at 50% max; roll out the short call for duration and credit on test.Longby NaughtyPinesUpdated 1
SMH tests major resistance lineSMH approaches major resistance line after flash crash a few days ago SMH rallies to major resistance line 20 RSI remains below 50 which is a bearish sign that the recent rally is running out shorter timeframes show a dramatic drop in volume during the rally which is another bearish indicator August and September are historically bad months for the stock market I am expecting SMH to test the resistance line, possibly breakthrough then pull back before continues selling. Not putting on any trades, waiting for confirmation.Shortby ratchet-mintPublished 552
SMH | SHORTNASDAQ:SMH VanEck Semiconductor ETF (SMH) Weekly Analysis: Current Price Action: SMH is trading at $218.43, down 9.10% for the week. Price has breached the upward trendline support, indicating potential further downside. Key Levels: Bearish Line: $214.18 Target Price 1: $199.15 Target Price 2: $172.35 Target Price 3: $155.65 Target Price 4: $136.10 Support Zones: Immediate support is expected around $199.15. Further support levels are $172.35, $155.65, and $136.10. Resistance Levels: Resistance is at the broken trendline near $240, followed by the recent high around $300. Relative Strength Index (RSI): RSI is at 53.98, trending downwards, suggesting weakening momentum. Volume: Volume is significant at 75.462M, indicating strong selling pressure. Conclusion: SMH's breakdown below key support levels and significant bearish momentum suggest further downside potential. Watch for reactions around $199.15 and $172.35 for potential entry points or further declines.Shortby shksprPublished 0
SMH Nvidia Soxl AMD SemiconductorsFifth wave pending in semiconductors/Nasdaq. The fifth wave should start soon. With majority people already calling top in semis/nasdaq, most will regret as we see ATH by end of year.Longby coding_thoughtsPublished 224
SMH breaks though support on increasing volumeSMH opened up selling off and continued to sell off through multiple periods. Broke through support Continued selling through multiple periods Increasing volume while selling Broke current upward trend its been on since May Expect to see more selling to come Shortby ratchet-mintUpdated 0
SMH to $264Price at bottom channel Stochastic Momentum Index (SMI) at oversold level Upside target $264Longby chancethepugPublished 110
$SMH EFT Looking Good For BuysThe semiconductor NASDAQ:SMH headed towards the previous bullish structure zone and is currently printing a bullish engulfing candle above the $239 price level (support level). Going to be deployment some more capital at this level, which is above 14% below it's previous high. I believe semiconductor companies are going to be a very important part for the global space moving forward. Doesn't matter if your talking about AI, Machine Learning, Crypto, Tesla, whatever. Semiconductors are going to be necessary and needed in every aspect. Longby primetimesosaPublished 1
$SMH Semi's #BullRun #Continues PT: 300 (STILL) $NVDA $AVGO $TSMAdded a nice channel here to the previous idea. "W" #DoubleBottom on Support Trend Line = NOICE Pt 1 here; In that Idea, I state; "Did you get greedy and then shook out for the remainder to #300" #ThisIsAmerica Happy 4th! (Holiday Updates!? Wut The) -Prophecies_R_USA Hi Tradingview! Waiting on Wizard Status!Longby Prophecies_R_UsUpdated 224
Analysis of SMH Chart (Daily Timeframe)SMH Daily Chart Analysis The VanEck Semiconductor ETF ( NASDAQ:SMH ) is showing interesting technical patterns! We're seeing the completion of Elliott Wave (3) with a potential corrective Wave (4) forming. This suggests we might see some consolidation or minor pullback before the next bullish wave. The RSI is trending in a downward channel, reflecting decreasing momentum. Currently sitting at 43.91, it indicates a neutral to slightly bearish sentiment. It's essential to watch how the RSI behaves—whether it breaks below the channel or bounces back. Support is around $240, while resistance lies near the $280 mark. Stay tuned and trade wisely! #Trading #Investing #TechnicalAnalysis #ElliottWave #RSI #SMH #Semiconductors ------------------------------------------------- Overview The chart of VanEck Semiconductor ETF (SMH) shows a clear Elliott Wave pattern, with Wave (3) nearing completion and Wave (4) beginning to form. This is confirmed by the RSI, which is exhibiting a downward channel trend, indicating weakening momentum. Key Points: Elliott Wave Analysis: Wave (3) appears to be completing its cycle, marked by a peak in price. Wave (4) is forming, typically a corrective phase that may lead to further price consolidation or a minor pullback before the next upward movement. RSI Trend: The RSI is currently in a downward channel, trending lower from overbought levels. This suggests decreasing buying momentum and potential further downside or consolidation in the near term. The RSI level is around 44.69, indicating a neutral to slightly bearish sentiment. It’s crucial to watch if it breaks below the lower channel trendline or bounces back within the channel. Support and Resistance: Immediate support is around the $240 region, coinciding with previous resistance turned support and the lower trendline of Wave (4). Resistance is near the previous high around $280, marking the peak of Wave (3).Longby aldofgPublished 1
Analysis of SMH Monthly Chart (Buying 3 more @ 257.52)Decided to buy 3 more shares of SMH today, taking advantage of the 9% pullback from its previous all-time highs. Here’s why: The chart shows a well-defined Elliott Wave pattern, currently in Wave (4) with Wave (5) expected next. This suggests further gains are on the horizon. The RSI is at 76.25, approaching overbought territory but not quite there yet. Historically, SMH has sustained high RSI levels, indicating that there’s still room for growth. SMH is a long-term play. The semiconductor sector is vital for tech innovation and growth. With continuous advancements in AI, IoT, and more, this ETF is positioned to benefit significantly in the coming years. This pullback presents a great buying opportunity for long-term investors looking to capitalize on the potential growth in the semiconductor industry. ------------------------------------------------------ Analysis of SMH Monthly Chart The chart depicts the monthly performance of the VanEck Semiconductor ETF (SMH), showing some promising signs for long-term investment, especially considering the recent pullback. Elliott Wave Analysis: The chart illustrates a clear Elliott Wave pattern, with waves (1), (2), (3) already completed, and (4) in the making. The current position appears to be in Wave (4), suggesting that Wave (5) could be on the horizon, indicating potential for future upward movement. RSI (Relative Strength Index): The RSI is currently at 76.25, which indicates that SMH is approaching overbought territory. However, it's not yet at extreme levels, suggesting there is still room for upward movement before a significant correction. Historically, the RSI has shown that even when the ETF reaches higher levels, it can sustain those levels for extended periods. Recent Price Movement: SMH is currently down 9% from its previous all-time highs, making it an attractive entry point for long-term investors. This pullback provides a buying opportunity, especially given the historical performance and future potential as indicated by the Elliott Wave analysis. Long-Term Relevance: The VanEck Semiconductor ETF (SMH) is a critical investment for those looking to gain exposure to the semiconductor industry, which is foundational to technology and innovation. The semiconductor sector has shown consistent growth over the years and is expected to continue its upward trajectory, driven by advancements in AI, IoT, and other tech developments. Longby aldofgPublished 1
SMH has reached 2.618 Fib RetracementSMH has reached the 2.618 Fib Retracement of the 2021 Bear market. Aligning similarly with SPX and NDX reaching 1.618 Fib Retracement at the same time. Profit taking should be expected here. by TiercePublished 0
I want to accumulate more of SMH ETFLooking at the holdings , I will need less bullets to buy into these individual companies especially I had missed BIG TIME on Nvidia. This war on semiconductor chips will make these companies that are manufacturing them very much valuable down the road. China is squeeze and is forced to build on its own, which will takes time but eventually , I expect China to come up with a more advanced product. Accumulate on weakness.Longby dchua1969Updated 0
SMH channel top or the beginning of a 1929 blowoff The chart posted is that of the SMH etf as you can see based on a parallel channel working off the two major lows .that we are now at the top If we were to break above this and by 5 % rule then I would say we are in a BLOWOFF by wavetimerPublished 3
SMH analysis for week of July05 2024Bear flag consolidation , rejected from fibs 50 level , expectation - more downside or side ways on flag as volume seem to be down on the push upby nkr628Published 334
SMH smh smh ... Semis are hot for a while, and it's time to cool down a little. What do you think?by just4tradinPublished 1
$SMH #BULLFLAG #PERFECT2.0 #300PT END OF SUMMERThis Bullflag break out has plenty of meat left on the bone so to speak... I mentioned "perfect" when looking at NVDA before earnings... Well NASDAQ:SMH is perfect imo for a #WHITEBOYSUMMER Play... Trend/Sector is bullish Breakout has been Confirmed. Stoch is STRONG, can remain that way for months... - Prophecies R Us Longby Prophecies_R_UsUpdated 5
For those trying to short SMH (semiconductors)..... DON'TThis is where I think we are in the very long term cycle for semiconductors since the 2008 bear market lows. It's a bull market. And we're only about half way through...... May be due a 10%-15% correction over coming months but ultimately headed higher (a lot higher).Longby WVS_StockscreenPublished 4