SMH is at Buy levels IMO
Technical analysis shows volume bottoms where needed. Bullish
Here are some other reasons that I feel SMH can go up with NVDA:
-Chip Demand Surge: Global demand for semiconductors across AI, 5G, and automotive sectors is driving growth.
-Top Holdings Perform: Key stocks like NVDA and AMD provide solid fundamentals.
-Bounces on 50-Week MA: ETF has shown resilience with recent bounces off the 50-week moving average.
NFA
Here are some other reasons that I feel SMH can go up with NVDA:
-Chip Demand Surge: Global demand for semiconductors across AI, 5G, and automotive sectors is driving growth.
-Top Holdings Perform: Key stocks like NVDA and AMD provide solid fundamentals.
-Bounces on 50-Week MA: ETF has shown resilience with recent bounces off the 50-week moving average.
NFA
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