vf_investment

SMH bearish divergences

Short
BATS:SMH   VanEck Semiconductor ETF
Hi traders


Let's have a look at SMH.

We can see that bearish divergences has been formed.
Expecting a small bounce to the ressitance area shown on the chart (orange trendline) which would be an enty for short.

Target for shorts: 123 $
stop loss: 163,48 $

Do you agree?

Good luck
Comment:
Rejected where it was expected

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