$VanEck Semiconductor ETF(SMH)$ : Bearish Crossover in 20 & 50DMA as previously posted for $NVIDIA(NVDA)$ ; price found rejection on Friday at the 20DMA and the Stochastic suggests the move is not complete yet.
Volume was not as high as for $NASDAQ 100(NDX)$ and other important indexes&stocks, price action has to consolidate the 20DMA to start reversing the downtrend that is being described by both moving averages.
SMH is one of the securities studied every week (2X) in the Weekly Compass, more details and key levels trough the link in profile.
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