SMH @ 200 Day SMA
As we have always said Semis are the new transports. SMH hit the 200 Day SMA on the daily chart. It has been forming a symmetrical wedge pattern. It has an equal opportunity to break out towards upside or downside. The RSI has been oscillating between 60 and 40 since Nov 2024. Watchout the SMH chart to confirm if stock market bull market is intact.
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