SMH starts showing direction as to where it is going... down.
SMH is starting to show signs of downward trend forming
Putting on a small put position to close in mid October. May expand on position if trend continues.
- 3 separate points paint a clear downward resistance trend line
- rejected hammer candle gave way for more selling
- RSI still continues to trend down on multiple timeframes
SMH is starting to show signs of downward trend forming
Putting on a small put position to close in mid October. May expand on position if trend continues.
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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.