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Short SMH - Blow off top?

66
Just a hunch but especially since the tariff's from this week didn't go into effect and now China is pushing back again - speculation could begin that Trump bring those tariffs back into the conversation if China doesn't move on their promises... Plus inventory should be ridiculously high for most of the semis.

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SMH
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Looking for SMH to bounce off of either the $120 or $115-$117 area. Just a hypothesis. I'm short TSM.
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Beyond Technical AnalysisChart PatternssemiconductorsshortSMHTrend Analysis

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Beyond Technical AnalysisChart PatternssemiconductorsshortSMHTrend Analysis
StockPickingEnthusiast

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.