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Double top failure, lost strong support today, below the 200,

Started by slupert , Nov 27 2024 11:32 AM

smh chart

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#1 slupert

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2,892 posts

Posted 27 November 2024 - 11:32 AM

Will the last one out of the semiconductors please turn out the light.

https://schrts.co/hGeFWXtv

#2 Douglas

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1,925 posts

Posted 27 November 2024 - 01:47 PM

Despite my questionable chart reading skills, I can't help but chime in that this looks awful. In addition to the double top and broken 200 SMA, it also broke below a falling wedge. Targets below are 220, 213 and 200. Looks like the dark green 20 EMA would make a good overhead stop in case I'm wrong (when that is).