SMH resembles the previously IWM chart

SmartReversals
03-23

$VanEck Semiconductor ETF(SMH)$ resembles the previously posted $iShares Russell 2000 ETF(IWM)$ chart, showing rejections at the 20DMA.

However, Friday's price action suggests a potential recovery and breach of this DMA. A move above 225.7 could trigger a decent rise to 230.1.

$Invesco QQQ(QQQ)$ $NVIDIA(NVDA)$ $Advanced Micro Devices(AMD)$

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$iShares Russell 2000 ETF(IWM)$ It's been a month below the 20DMA, and once again price was rejected when that moving average was reached. Will next week be different?

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