SMH has been in down trend from head & shoulder breakdown. The next support point would be around $177 which is 1.618 fib extension area as well as head and shoulder measured move projection. If $177 area doesn't hold we could see $151 area which is the pre-pandemic high area. The worst case is $108 which should be absolute bottom if we reach there. Target 1 - $177
Target 2 - $151
Target 3 - $108 (absolute worst case like China invades Taiwan kind of situation)
Disclaimer - Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.