If the Semiconductor Index SMH in chart 1 fails to maintain the bullish order block at 237-246, which currently looks challenging, there's a potential for a countermovement upwards if it reaches the next support level between 214-224
This scenario could present a short term buying opportunity in some semiconductors stocks for those looking to go long
With earnings reports for ASML, AMD, and LRCX due within the next 8 days, these stocks could offer strategic entry points for a possible bounce:
- ASML: Bullish order block between $564-$600 (Chart 2)
- AMD: Bullish order block between $93-$102 (Chart 3)
- LRCX: Bullish order block between $57-$64 (Chart 4)
These levels could serve as good opportunities for short-term investments, provided you monitor the market closely after the earnings announcements
If any of these reach the target areas in the next few days, I will provide an update here
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.