Possible semiconductor $SMH deals on the horizon

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If the Semiconductor Index SMH in chart 1 fails to maintain the bullish order block at 237-246, which currently looks challenging, there's a potential for a countermovement upwards if it reaches the next support level between 214-224

This scenario could present a short term buying opportunity in some semiconductors stocks for those looking to go long

With earnings reports for ASML, AMD, and LRCX due within the next 8 days, these stocks could offer strategic entry points for a possible bounce:

- ASML: Bullish order block between $564-$600 (Chart 2)
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- AMD: Bullish order block between $93-$102 (Chart 3)
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- LRCX: Bullish order block between $57-$64 (Chart 4)
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These levels could serve as good opportunities for short-term investments, provided you monitor the market closely after the earnings announcements

If any of these reach the target areas in the next few days, I will provide an update here

Feragatname

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