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VanEck Semiconductor ETF
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SMH | SHORT

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SMH

VanEck Semiconductor ETF (SMH) Weekly Analysis:

Current Price Action:

SMH is trading at $218.43, down 9.10% for the week.
Price has breached the upward trendline support, indicating potential further downside.
Key Levels:

Bearish Line: $214.18
Target Price 1: $199.15
Target Price 2: $172.35
Target Price 3: $155.65
Target Price 4: $136.10
Support Zones:

Immediate support is expected around $199.15.
Further support levels are $172.35, $155.65, and $136.10.
Resistance Levels:

Resistance is at the broken trendline near $240, followed by the recent high around $300.
Relative Strength Index (RSI):

RSI is at 53.98, trending downwards, suggesting weakening momentum.
Volume:

Volume is significant at 75.462M, indicating strong selling pressure.

Conclusion:
SMH's breakdown below key support levels and significant bearish momentum suggest further downside potential. Watch for reactions around $199.15 and $172.35 for potential entry points or further declines.
Trading ditutup: target tercapai
Target Price 1: $199.15
shkspr
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Unveiling illusions, revealing wealth
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Chart PatternsTechnical IndicatorssemiconductorsemiconductorsSMHTrend Analysis

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Chart PatternsTechnical IndicatorssemiconductorsemiconductorsSMHTrend Analysis
shkspr
no pain, no gain
Unveiling illusions, revealing wealth
Juga di:

Publikasi terkait

Pernyataan Penyangkalan

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.