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VanEck Semiconductor ETF
Long
Updated

$SMH Weekly Cup with Handle Formation

106
SMH could be a big beneficiary "if" interest rates level out or even start dropping. This Cup w/ Handle formation is also about a 2 year base suggesting that if / when it breaks out, it could have a big run. All TBD.

See Notes on chart for more of my thoughts. Ideas, not investing / trading advice. Comments always welcome.
Note
SMH holding strong here as a lot of stocks and indices consolidate. Looks like it's about to break above the flagging channel. This is high on my list as I missed my last alert. It would be good for it to consolidate a bit here IMO.
snapshot
jaxdog
Also on:
AMDChart PatternsFundamental AnalysisTechnical IndicatorsNVDAQQQSMCISPDR S&P 500 ETF (SPY)

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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.
AMDChart PatternsFundamental AnalysisTechnical IndicatorsNVDAQQQSMCISPDR S&P 500 ETF (SPY)
jaxdog
Also on:

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.