Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SMH technically it has resistance at 23.89 on the 60 minute chart. A possible scalp or longer term daytrade would be that break to 23.95 and of course 24 is strong resistance. If 24 is taken out we might have a chance for that move to 24.50-25 although I doubt it will get that high. I like the 60 minute SMH chart with the daily for confirmation. Entries can be from the 5 minute chart and once you're in use the 15 so you don't have premature exits.