NVDA vs SMH @ 100 Day SMA

Today we are plotting the ratio chart of NVDA vs the semiconductor ETF SMH on a weekly basis. NVDY/SMH i3 at 100 Day SMA because as the rally in NDY has stalled out while other Semi stocks are having a bull run form the recent lows. The semi cap equipment companies had a bad year last year. So within semis people re going for low Market Cap stocks and the recent underperformers.

But in the last 5 years, the ratio chart always bounced back from its 100- and 200-Day SMA. Sq this might be an accumulating zone for NVDA believers.