SMH - Semi conductors /Chip sector
Melting up to 231 here; at that point we will either breakout or begin another correction.
So how do you use this sector info to make a trade? First you identify the biggest stocks in the sector (NVDA, TSM).
Secondly , Ask yourself this, "if SMH can move to 231 what will that bullish move do for NVDA"?
Looking at NVDA stock , I see a gap close at 177 that would be my bullish target to match smh move to 231
So how do you use this sector info to make a trade? First you identify the biggest stocks in the sector (NVDA, TSM).
Secondly , Ask yourself this, "if SMH can move to 231 what will that bullish move do for NVDA"?
Looking at NVDA stock , I see a gap close at 177 that would be my bullish target to match smh move to 231
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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.
Related publications
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.