SMH (NVDA ,AMD)
Do or die for chip sector.
H&Shoulders pattern evident but the right shoulder remains in question... looks like a pennant which on a lower time frame could be bullish. If support is broken Chip will will begin a major correction in which spy most likely will pull back to 380 or lower.
Bulls need a breakout and close above 241.
H&Shoulders pattern evident but the right shoulder remains in question... looks like a pennant which on a lower time frame could be bullish. If support is broken Chip will will begin a major correction in which spy most likely will pull back to 380 or lower.
Bulls need a breakout and close above 241.
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