$SMH - All Eyes on the 20DMA
$VanEck Semiconductor ETF(SMH)$ - All Eyes on the 20DMA 👀
When the higher Bollinger Band has been breached, price action has taken a breather, also when there is a bearish Stochastic crossover. The 20DMA has been the difference between a selloff or a mild pullback.
If there is a breach of the 20dma, we might also see a selling in $NASDAQ 100(NDX)$ and $Invesco QQQ(QQQ)$ . But so far looks bullish
Will it hold this time as the blue arrows present in previous cases?
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- Miketee74·10-21 10:23ETF shall be for long term, so price drop is good for more unit could be bought. Unless you intent to cash it out for other usage.LikeReport