SMH rally is showing weakness in multiple places for first time.
This is more cautionary at this point and keep in mind. I wouldn't add to any bullish positions but instead tighten stop losses and seek to start taking some profits.
- EMA crosses below SMA for first time since rally started
- RSI shows signs of price divergence by trending down while price makes higher highs.
This is more cautionary at this point and keep in mind. I wouldn't add to any bullish positions but instead tighten stop losses and seek to start taking some profits.
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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.