SMH rallied to new highs today and into higher trading area which originally appeared to be very overbought
- 1 hour interval shows both 10 and 20 RSI levels in overbought territory
- 2 hour interval shows 20 RSI having more room to grow.
- initially exited riskiest positions figuring on this new high being way outside the bounds of normal
- This is now looking to have some more room left in it.
- expect a small pullback or pullback in time over the next day or two.
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Related publications
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.