Tuesday, December 20, 2016 2:59:58 PM
For safe investors who want a high percentage trade, I have one for you. Notice on the stock chart below that the semi ETF $SMH has been in a tight channel since July 2016. If you want a near perfect stock trade, wait for the semi's to break below the lower channel trend line before pulling the trigger on a short. Once that trend line breaks, the flood gates will open and the sellers will hit it hard. Quickly, the downside target of $60 will be achieved. By waiting for the lower channel trend line to break, investors can be as close to 100% sure as possible, a break down is happening. Anything prior can be an educated guess but that is all.
Recent SMH News
- VanEck Launches SMHX: Targeted Exposure To Fabless Semiconductor Designers • Business Wire • 08/28/2024 12:45:00 PM
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Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM