VanEck Semiconductor ETF

SMH throws mixed signals compared to QQQ

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SMH indicators, EMA crossover, and stock throws mixed signals

  • EMA remains below its SMA line
  • RSI breaks slightly above its SMA
  • stock price remains firmly inside lower resistance line


SMH is rather prone to false breakouts. So the RSI breakout above could be a fake out for sure. Prefer to wait for extra confirmation of new direction with SMH before making trades on it.

SMH is overall giving more bearish direction than bullish.

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