I think this one could go either way, but I like the odds of at least a small bounce here. It hit a major trendline support today and closed slightly below. We also have horizontal support in the area around $143. Semis seem bullish after AMD earnings and this is a major area so I'd expect bulls to defend.
If no bounce and hold of the trendline, I think we'd see $130 in short order.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.