Today we look at a weekly chart of the Semiconductors Sector to highlight some recent concerns.Using applied Fibonacci to the 2021 highs and 2022 lows, we can also see that price has slowed near the 261.8 Fibonacci level at .
It will be important to see what leadership does at . SMH has spent the past month kissing the underside of this 261% Fibonacci level. Will this mark a near-term top? Or just a level for consolidation. Stay tuned.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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