SMH shows signs of weakness for first time
SMH rally is showing weakness in multiple places for first time.
This is more cautionary at this point and keep in mind. I wouldn't add to any bullish positions but instead tighten stop losses and seek to start taking some profits.
- EMA crosses below SMA for first time since rally started
- RSI shows signs of price divergence by trending down while price makes higher highs.
This is more cautionary at this point and keep in mind. I wouldn't add to any bullish positions but instead tighten stop losses and seek to start taking some profits.
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