SMH is performing well today and CRUS seems to be a good bounce candidate.
Here's a 3C 15 min positive divergence. After a fall that big, there's bound to be a bounce I would think. 3C seems to suggest the same.
A stop can be placed a bit below the recent lows at the arrow and the target zone could be as high as the gap, although I don't think it will completely fill the gap, leaving it as a bearish breakaway gap.
More trades may be coming..
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
1 comment:
I like the CRUS trade, my charts are showing it over sold.
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