jangseohee

Semiconductor ALMOST oversold

AMEX:SMH   VANECK VECTORS SEMICONDUCTOR ETF
40 0 1
When price plunge continuously until RSI become oversold, it doesn't mean that i will reverse immediately. As price can stay oversold for long period.
At the same moment, the MACD lines are widely separated too.
So i reckon price will take some rest next week or up a little to take a breather.

P.S. It will plunge another day breaking the current down support line.
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