Possible semiconductor $SMH deals on the horizon
If the Semiconductor Index 
SMH in chart 1 fails to maintain the bullish order block at 237-246, which currently looks challenging, there's a potential for a countermovement upwards if it reaches the next support level between 214-224
This scenario could present a short term buying opportunity in some semiconductors stocks for those looking to go long
With earnings reports for
ASML, 
AMD, and 
LRCX due within the next 8 days, these stocks could offer strategic entry points for a possible bounce:
-ASML: Bullish order block between $564-$600 (Chart 2)
-AMD: Bullish order block between $93-$102 (Chart 3)
-LRCX: Bullish order block between $57-$64 (Chart 4)
These levels could serve as good opportunities for short-term investments, provided you monitor the market closely after the earnings announcements
If any of these reach the target areas in the next few days, I will provide an update here
SMH in chart 1 fails to maintain the bullish order block at 237-246, which currently looks challenging, there's a potential for a countermovement upwards if it reaches the next support level between 214-224This scenario could present a short term buying opportunity in some semiconductors stocks for those looking to go long
With earnings reports for
ASML, AMD, and LRCX due within the next 8 days, these stocks could offer strategic entry points for a possible bounce:-
ASML: Bullish order block between $564-$600 (Chart 2)-
AMD: Bullish order block between $93-$102 (Chart 3)-
LRCX: Bullish order block between $57-$64 (Chart 4)These levels could serve as good opportunities for short-term investments, provided you monitor the market closely after the earnings announcements
If any of these reach the target areas in the next few days, I will provide an update here
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.