Member @gaucho inquired about TSM (Taiwan Semiconductor) & SMH (semiconductor ETF). TSM, which is still an Active Short Trade, has been working it way down within a falling price channel since the divergent high & rising wedge breakdown, coming within a mere 11 cents of the first target on Dec 1st. By nearly all metrics, the short-term trend remains bearish for now & I still favor T2 being hit in the coming months.
TSM daily Nov 10th
SMH (semiconductor ETF) continues to work its way higher within this large bearish rising wedge & has most recently put in a third consecutive divergent high while approach the range in which wedges typically break down. note: SMH is not currently an Active Trade Idea although it is on watch for a potential short entry.
SMH daily Jan 10th