Get started
VanEck Semiconductor ETFVanEck Semiconductor ETFVanEck Semiconductor ETF

VanEck Semiconductor ETF

No trades
See on Supercharts
OverviewChartAnalysisHoldingsNewsIdeasDiscussionsSeasonals

SMH trade ideas

SMH: Not Smart to Long Semiconductor Index Right NowIt is not a smart decision to open long positions in the semiconductor sector right now (TSM, NVDA, ASML, INTC, AAMT, AMD... etc). As the chart show, the overall performance on SMH is still on the downside trend, blocked by the resistance line on the necklace of the head-shoulder pattern. But it doesn't mean that it is time to short the semiconductor sector, it is better to stay neutral and see if we have the chance to buy the cheap chip in around 200 USD. If the market wouldn't give us the chance to buy in deep, then we can try to create the new positions again when SMH breaks through the resistance and goes with a new uptrend.
NASDAQ:SMH
by jimcurrywang
$SMH Semiconductor ETF Holds Trendline Lots of pain among the tech bulls in recent weeks and the SMH has been the cause of much of that pain. Despite a unprecedented demand and pricing power the sector is unable to meet demands as deep rooted politics has caused supply chain issues. Earning beats have been ignored as guidance has failed to overwhelm analysts and investors. This week we must look for strength in AMD and NVDA in particular, both companies have seen considerable outflows and attempted rallies have been rejected fast. On a positive note the SMH has maintained its March 2020 uptrend, it retraced and held the 0.236 Fibonacci level and also held the 100ma (ema) . All 2 of these supports is now the line in the sand for us, below these supports trouble is ahead.
NASDAQ:SMH
by Xclusive-Trading
Semiconductors ~ ascending triangle Technical Analysis We have formed an ascending triangle (purple lines). If we make a measured move from the breakout, it takes us up to $275 target approximately. 21ema has been working very well as a trend following system. OBV has been supportive of the trend. Fundamental Analysis / News 1. Ongoing reports talking about demand for semiconductors outpacing supply, particularly from the auto makers. 2. A Reuters report that indicates CEOs of leading U.S. companies are urging the Biden administration to provide incentives to build more factories in the U.S. in order to win back market share and help mitigate risks to national security.
NASDAQ:SMHLong
by dorfmanmaster