Semiconductor ETF buy

SMH Semiconductor ETF is at a major support trendline (white dash) and EMA377 (blue line). SMH is a screaming buy now. Technically speaking, there is essentially no downside risk and plenty of upside reward at this entry point. Computer chips, also known as semiconductors, are the brains of products like smartphones, computers, cars, medical devices, digital cameras, TVs, washing machines, refrigerators, every appliance, LED bulbs, ATMs, trains, planes, the internet, communications, pretty much everything..

WASHINGTON, April 6 (Reuters) - The White House held a classified briefing on Wednesday with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidize production.

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/

Comment:

Semiconductor Industry Association announces that global semiconductor industry sales were $52.5B in the month of February 2022, an increase of 32.4% Y/Y and 3.4% more than January 2022.

Comment:

Great buy opportunity in SMH while ppl distracted with bank earnings next week

Comment:

Planning timing long

Comment:

Contrarian theory. Analyst upgrade means sell. Analyst downgrade means buy. lol

Comment:

TSM earnings tomorrow at 5am will be extremely important for the entire semiconductor space. I'm thinking gap up tomorrow for semiconductor tickers.

Comment:

TSM Q1 earnings surprise beat.
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. raised its sales outlook for the year after quarterly earnings jumped 45%. Sales will rise to $17.6 billion to $18.2 billion in the quarter through June, it said, implying growth of more than 30%.

Comment:

SMH is oversold