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ContraryTrader

SMH Doji Star. Chip Sector pullback

Short
VanEck Semiconductor ETF (NASDAQ:SMH)  
ContraryTrader  
NASDAQ:SMH   VanEck Semiconductor ETF
Support and Resistance Trend Lines Candlestick Analysis
3
0
supportandresistance trendline candlestick
Chip sector led to a massive rally in the NDX...
The biggest holdings in this sector are
1.NVDA
2.ASML
3.AMD.
4.TSM
5.Qcom
6.INTC

With the exception of INTC all these stocks are overbought on every indicator.
A pullback is to be expected from this sector but I would like to see if this channel breakout is the real or Faux

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