SMH shows signs of bullish turn around

SMH experiences a false breakout and tries to sustain it for a few periods with increased volume

  • SMH experiences first false breakout above
  • Tries to hold higher levels outside resistance
  • Increased volume is accompanied with this breakout


This gives a signal that bear drawdown has weakness in it and bulls maybe taking over soon.
breakoutSMHSupport and ResistancevolumeanalysisVolume

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