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SMH now testing outer boundaries
VanEck Semiconductor ETF
Short
SMH now testing outer boundaries
By ratchet-mint
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Sep 15
1
Sep 15
SMH experienced a significant rally and now showing signs of weakness and a potential reversal coming.
experienced a short lived false breakout back in Aug 22
We are now back in breakout zone again this time with more candles indicating more bulls coming in than last breakout
RSI is now trending flat as price continues to rise, signs of rsi divergence signaling reversal maybe coming
Overall SMH looks to be showing weakness in the rally and most likely turning around to sell off soon.
Oscillators
SMH
Support and Resistance
Trend Lines
ratchet-mint
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