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TanmayBhalerao
Nov 12, 2019 6:54 AM

Semis Parabolic Arc about to break soon - Bearish Divergence Short

Description

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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