A Short Semi Window on SMH
Breakdown is anything south of 273.89
Question is what saves it - historically 14SMA on weekly has captured it but this has broken down in May 2021. Instead the 30SMA on weekly have been the saver so that would be the clincher.
If I was a shorting man - 273.89 is the trigger- then down to 14SMA at 279.57, then 269.72 as next resistance and then finally 30SMA at 266.06. I can see a breakdown but not a major one given the strategic value of Semi at the moment, which is unchanged
Question is what saves it - historically 14SMA on weekly has captured it but this has broken down in May 2021. Instead the 30SMA on weekly have been the saver so that would be the clincher.
If I was a shorting man - 273.89 is the trigger- then down to 14SMA at 279.57, then 269.72 as next resistance and then finally 30SMA at 266.06. I can see a breakdown but not a major one given the strategic value of Semi at the moment, which is unchanged
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