$SMH - Can 200 DMA provide support again?
SMH 200 DMA has been a reliable support during this uptrend. Expecting a bounce in semiconductor stocks around the 200 DMA. 👀
In the worst-case scenario, if the 200 DMA fails as support, it could drop to the $230 to $220 area, where it might find the ultimate bottom. That's where I might double down on semis.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
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