SMH - Semi conductors /Chip sector
Melting up to 231 here; at that point we will either breakout or begin another correction.
So how do you use this sector info to make a trade? First you identify the biggest stocks in the sector (NVDA, TSM).
Secondly , Ask yourself this, "if SMH can move to 231 what will that bullish move do for NVDA"?
Looking at NVDA stock , I see a gap close at 177 that would be my bullish target to match smh move to 231
So how do you use this sector info to make a trade? First you identify the biggest stocks in the sector (NVDA, TSM).
Secondly , Ask yourself this, "if SMH can move to 231 what will that bullish move do for NVDA"?
Looking at NVDA stock , I see a gap close at 177 that would be my bullish target to match smh move to 231
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