SMH Update (daily chart)
SMH recently peaked at 151.71 on May 30, leaving behind two gaps for potential fill in an area of low volume (yellow volume profile highlight). I am expecting a selloff into the gap areas, which also are at key fib levels.
5/30: peak = 151.71
143.89 = 76% fib (Touched today, and 5.2% off peak)
139.05 = 61.8% fib ( 8.3% off peak)
135.14 = 50% fib (10.9% off peak)
The volume profile is based on quarter to date activity, March - today, June 5. I do not expect a bounce off today's low, the 61.8 % or 50% fib areas look more realistic to me.
5/30: peak = 151.71
143.89 = 76% fib (Touched today, and 5.2% off peak)
139.05 = 61.8% fib ( 8.3% off peak)
135.14 = 50% fib (10.9% off peak)
The volume profile is based on quarter to date activity, March - today, June 5. I do not expect a bounce off today's low, the 61.8 % or 50% fib areas look more realistic to me.
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Aviso legal
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.