The semiconductor sector has been on fire since bottoming out at the end of October. In fact, the low to the high in November was just over 21%! Some consolidation of those gains would be healthy.
I am looking for the
SMH
ETF to fill the gap from Nov 14th. I am not predicting that it will however, I am thinking that is a good possibility. I have an alert set just above the gap fill. If that triggers, I will be looking for a reversal back up for a long entry. All TBD.
SOXX
is a similar ETF with a similar pattern so whichever one you prefer I think is worth putting on a watchlist.
I ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
I am looking for the
SMH
ETF to fill the gap from Nov 14th. I am not predicting that it will however, I am thinking that is a good possibility. I have an alert set just above the gap fill. If that triggers, I will be looking for a reversal back up for a long entry. All TBD.
SOXX
is a similar ETF with a similar pattern so whichever one you prefer I think is worth putting on a watchlist. I ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Comment:
SMH
moving closer to that gap fill... This is now high on my watchlist for a turn higher. I will only open a position on a reversal to the upside.
SMH
moving closer to that gap fill... This is now high on my watchlist for a turn higher. I will only open a position on a reversal to the upside.
Comment:
SMH
now has the gap filled and then some. Nothing to say it will turn back here but it is an area of interest.
SMH
now has the gap filled and then some. Nothing to say it will turn back here but it is an area of interest.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.