Parking some funds into this ETF - SMH

If we take a step back and plot the weekly chart of SMH, there lies a possibility that we may have a ABC pattern playing out in the weeks/months to come.

We are not out of the descending channel yet (a bullish sign) and it could also notch another level down as well (can't rule this out though I think is quite remote), so those who have yet to go LONG can wait for the breakout, establish bullish signals on smaller time frame and decide if you should add this to your portfolio.

Note

This ETF provides a good New Year gift for those who longed around 3rd Jan this year. More to come

Note

scmp.com/news/asia/east-asia/article/3207740/us-china-tech-war-japan-netherlands-poised-join-bidens-chip-crackdown-beijing?module=AI_Recommended_for_you_In-house&pgtype=homepage

The more US wants to ban chips to be sent to China, the more China will be in its resourcefulness to stay independent. History has shown us from its film making, retail technology to aircraft. It is a matter of time......

Note

cnbc.com/2023/02/01/chip-stocks-up-on-amd-earnings-feds-signal-inflation-is-easing.html

Note

globaltimes.cn/page/202302/1284729.shtml

Note

globaltimes.cn/page/202302/1285285.shtml

Note

can you identify the triple top formation ? see the top on 23 May, 8 Aug and the recent 30 Jan 23 ? Let the price fall a bit more and I would be more than happy to accumulate

Note

businessinsider.com/china-xi-jiinping-future-tech-global-economy-semiconductors-military-failing-2022-9

Note

cnbc.com/2023/03/09/asml-netherlands-to-restrict-semiconductor-machine-exports-after-us-pressure.html

Note

up up and away

Note

added more last night

Note

chinadaily.com.cn/a/202306/27/WS6499bd15a310bf8a75d6bb3e.html

Note

cnbc.com/2023/06/29/us-dutch-set-to-hit-chinas-chipmakers-with-one-two-punch.html

Note

shine.cn/opinion/2307213803/

Note

scmp.com/news/china/diplomacy/article/3230620/hours-after-biden-announces-sensitive-tech-restrictions-us-chip-industry-calls-continued-access?module=feature_package_2_2&pgtype=homepage

Note

Praise Lord . It was up 13+% last night

dchua1969

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.

dchua1969