SMH

SMH, along with a lot of other vehicles in the market, is in a long term downtrend so I will be watching the daily and weekly for signs of a top during this long entry.
 
Buy1Sell2 said:
US hit 'turning point' with China: Intel CEO

https://www.foxbusiness.com/technology/us-hits-turning-point-china-competition-intel-ceo
"The CHIPS and Science Act was a clear statement that we are going to win back the semiconductor industry, we are going to be manufacturing it," Gelsinger said on "Mornings with Maria" Tuesday.
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Well, from fox.

Anyway, China is never a competition at the higher end. Intel is losing business to TSMC and all the in-house designed shop like Apple and Google.
 
mervyn said:
Well, from fox.

Anyway, China is never a competition at the higher end. Intel is losing business to TSMC and all the in-house designed shop like Apple and Google.
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TSMC is 11 percent of SMH and Intel is 6 percent.
 
Regardless of the pullback mid-week, we recovered nicely and actually had a very bullish weekly bar to show for it. --Staying long--
 
Zwaen said:
Pretty good entry for smh, congrats! Where would you take profit from a swingtrading perspective? Smh 246/247 (prior swing high)?
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I'm shooting for 310, but if market tells me before that, I'll get out.
 
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