When the Price of Vaneck Vectors Semiconductor E SMH Talks, People Listen

June 07, 2021, 08:45 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Vaneck Vectors Semiconductor E (NYSE: SMH) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for SMH can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Technical Summary

Support and Resistance Plot Chart for SMH

Longer Term Trading Plans for SMH

SMH - (Long) Support Plan

Buy over 242.82 target 259.90 stop loss @ 242.12

SMH - (Short) Resistance Plan

Short under 259.90, target 242.82, stop loss @ 260.65

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