Given the bullishness in the tech sector people might think I am mad to suggest a 30% drop is coming......but that's exactly what the chart suggests to me. Massive H+S top pattern developing, huge negative divergence.
On SMH I am selling current 107 level with stop 112 and ultimate take profit target about 30 points lower (75-80 zone). rtn/risk of 6 to 1.
Timeframe - 3-6 months.
Trade active: Staying short SMH semiconductors from 107.00. Expecting continuing sell-off over coming months towards 80 level. Lower stop loss to break/even now (107).
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out