SMHSMH VanEck SemiConductor ETF
CMP: $293.64
In July 2024, SMH posted a high of $281.82, followed by a consolidation phase with a bottom at $170.11.
The recent rally to $302.98 marks a strong recovery from those lows, confirming a breakout above the key resistance zone of $234–262. A retest of this breakout zone is still pending, with the weekly support cluster
$224–235 being an area of concern as gap formed on 12th May 2025.
Until a decisive move emerges, the price action may remain sideways in the weeks/months ahead.
