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Tuesday, June 23, 2020 10:17:52 PM
$SMH Semiconductors Etf Tired
The run in the SMH has been amazing from the March lows and is now back at the Feb highs,
Tuesday some heavyweights like NVDA AMD & MU started to show some signs that some consolidation is needed.
Momentum, Volume , ACD are beginning to head south.
It may be wise to take some profits in chip\semi stock until the breakout or retrace is complete.
The run in the SMH has been amazing from the March lows and is now back at the Feb highs,
Tuesday some heavyweights like NVDA AMD & MU started to show some signs that some consolidation is needed.
Momentum, Volume , ACD are beginning to head south.
It may be wise to take some profits in chip\semi stock until the breakout or retrace is complete.
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