Thursday, June 21, 2018 12:39:34 PM
The Semiconductor ETF $SMH may fall to $75 per share. This is shocking to most as the current price of the SMH is $107.75. However, a head and shoulder pattern is forming which is extremely negative for the semiconductors. Should the $SMH break the neck-line at $97.50, the calculated collapse target is $75. This would be a drop of over 30% from the current levels. This is a pattern all investors should keep on their radar because of what it means for the macro markets. If the semi's drop this much, you can bet the NASDAQ and S&P are in freefall as well. Again, please note this pattern has not triggered, but if it does, make sure YOU understand the repercussions...
Gareth Soloway
InTheMoneyStocks
Recent SMH News
- VanEck Announces Year-End Distributions for VanEck Equity ETFs • Business Wire • 12/21/2024 01:56:00 AM
- VanEck Launches SMHX: Targeted Exposure To Fabless Semiconductor Designers • Business Wire • 08/28/2024 12:45:00 PM
Good Gaming Inc. Announces ViaOne Services' Intent to Purchase Up to 10% of Its Common Shares in the Open Market • GMER • Jan 16, 2025 8:30 AM
Avant Technologies and Ainnova Begin Implementing and Testing Advanced AI Algorithms for Early Detection of Additional Diseases • AVAI • Jan 16, 2025 8:00 AM
VOCODIA HOLDINGS INC. (OTCMKTS: VHAI) and TRACCOM INC. (OTCMKTS: TRCC) have signed an MOU to form a Joint Venture that will Revolutionize Event Monitoring with Narrative AI • VHAI • Jan 15, 2025 2:53 PM
UAV Corp (OTC: UMAV) Engages Legal Counsel to Initiate Uplisting Process with Ultimate Goal of NASDAQ Listing • UMAV • Jan 15, 2025 8:30 AM
HealthLynked Welcomes Jeremy Daniel as Chief Financial Officer • HLYK • Jan 15, 2025 8:00 AM
Zefiro Methane Corp. Subsidiary Awarded Slate of Government of Ohio-Funded Environmental Remediation Projects • ZEFI • Jan 15, 2025 7:33 AM