VanEck Semiconductor ETFเพิ่มขึ้น
Analysis of SMH Chart (Daily Timeframe)
SMH Daily Chart Analysis
The VanEck Semiconductor ETF (SMH) is showing interesting technical patterns!
We're seeing the completion of Elliott Wave (3) with a potential corrective Wave (4) forming. This suggests we might see some consolidation or minor pullback before the next bullish wave.
The RSI is trending in a downward channel, reflecting decreasing momentum. Currently sitting at 43.91, it indicates a neutral to slightly bearish sentiment. It's essential to watch how the RSI behaves—whether it breaks below the channel or bounces back.
Support is around $240, while resistance lies near the $280 mark.
Stay tuned and trade wisely!
#Trading #Investing #TechnicalAnalysis #ElliottWave #RSI #SMH #Semiconductors
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Overview
The chart of VanEck Semiconductor ETF (SMH) shows a clear Elliott Wave pattern, with Wave (3) nearing completion and Wave (4) beginning to form. This is confirmed by the RSI, which is exhibiting a downward channel trend, indicating weakening momentum.
Key Points:
Elliott Wave Analysis:
Wave (3) appears to be completing its cycle, marked by a peak in price.
Wave (4) is forming, typically a corrective phase that may lead to further price consolidation or a minor pullback before the next upward movement.
RSI Trend:
The RSI is currently in a downward channel, trending lower from overbought levels.
This suggests decreasing buying momentum and potential further downside or consolidation in the near term.
The RSI level is around 44.69, indicating a neutral to slightly bearish sentiment. It’s crucial to watch if it breaks below the lower channel trendline or bounces back within the channel.
Support and Resistance:
Immediate support is around the $240 region, coinciding with previous resistance turned support and the lower trendline of Wave (4).
Resistance is near the previous high around $280, marking the peak of Wave (3).
The VanEck Semiconductor ETF (
SMH) is showing interesting technical patterns! We're seeing the completion of Elliott Wave (3) with a potential corrective Wave (4) forming. This suggests we might see some consolidation or minor pullback before the next bullish wave.
The RSI is trending in a downward channel, reflecting decreasing momentum. Currently sitting at 43.91, it indicates a neutral to slightly bearish sentiment. It's essential to watch how the RSI behaves—whether it breaks below the channel or bounces back.
Support is around $240, while resistance lies near the $280 mark.
Stay tuned and trade wisely!
#Trading #Investing #TechnicalAnalysis #ElliottWave #RSI #SMH #Semiconductors
-------------------------------------------------
Overview
The chart of VanEck Semiconductor ETF (SMH) shows a clear Elliott Wave pattern, with Wave (3) nearing completion and Wave (4) beginning to form. This is confirmed by the RSI, which is exhibiting a downward channel trend, indicating weakening momentum.
Key Points:
Elliott Wave Analysis:
Wave (3) appears to be completing its cycle, marked by a peak in price.
Wave (4) is forming, typically a corrective phase that may lead to further price consolidation or a minor pullback before the next upward movement.
RSI Trend:
The RSI is currently in a downward channel, trending lower from overbought levels.
This suggests decreasing buying momentum and potential further downside or consolidation in the near term.
The RSI level is around 44.69, indicating a neutral to slightly bearish sentiment. It’s crucial to watch if it breaks below the lower channel trendline or bounces back within the channel.
Support and Resistance:
Immediate support is around the $240 region, coinciding with previous resistance turned support and the lower trendline of Wave (4).
Resistance is near the previous high around $280, marking the peak of Wave (3).
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