Semi Conductors Look to Bounce

This is an excellent example of a reversal process that is proportional to the preceding trend.

This isn't a trade I'm interested in, but a call position on an expiration not too far out, may be worthwhile,  I'd definitely consider it speculative.

SMH negative divegrence sending it lower and a positive divegrence on the 3 min above and 5 min charts. should bounce back to the top of the recent range.