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TanmayBhalerao

Semis Parabolic Arc about to break soon - Bearish Divergence

Short
TanmayBhalerao  
AMEX:SMH   None
Technical Indicators Oscillators
5
0
indicator oscillator
Bearish Divergence being observed on the daily RSI for $SMH.

Dabbling into the use of Ichimoku for the first time for target setting.

Short Trade Idea for November

Entry between 132-135
Target 1: 130.21 (Tenkan)
Target 2: 125.30 (Kijun)

Not sure about the stop loss. Going ahead with buying November puts.
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