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	Comments on: SMH Support Levels/Price Targets	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		By: rsotc		</title>
		<link>https://rightsideofthechart.com/smh-support-levels-price-targets/#comment-3559</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 15 Jun 2017 14:28:36 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/smh-support-levels-price-targets/#comment-3557&quot;&gt;GetItRiight&lt;/a&gt;.

Anytime. My minimum target on SOXX, which tracks the same semiconductor index as SOXS &amp; SOXL, is a support zone that runs from about 139.50 down to 138.11. That&#039;s about another 3 1/2 - 5% lower (or 3x that on SOXS/SOXL).  I would put very good odds on a &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; if/when that level is hit &amp; I would also refer to that as what I call a high probability target (a very high chance of being hit). Whether that level gets taken out &amp; the semis head much lower over time is hard to say at this time but we should have a better idea if/when we get there.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/smh-support-levels-price-targets/#comment-3557">GetItRiight</a>.</p>
<p>Anytime. My minimum target on SOXX, which tracks the same semiconductor index as SOXS &#038; SOXL, is a support zone that runs from about 139.50 down to 138.11. That&#8217;s about another 3 1/2 &#8211; 5% lower (or 3x that on SOXS/SOXL).  I would put very good odds on a <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> if/when that level is hit &#038; I would also refer to that as what I call a high probability target (a very high chance of being hit). Whether that level gets taken out &#038; the semis head much lower over time is hard to say at this time but we should have a better idea if/when we get there.</p>
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		<title>
		By: GetItRiight		</title>
		<link>https://rightsideofthechart.com/smh-support-levels-price-targets/#comment-3557</link>

		<dc:creator><![CDATA[GetItRiight]]></dc:creator>
		<pubDate>Thu, 15 Jun 2017 13:06:03 +0000</pubDate>
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					<description><![CDATA[Thanks for thinking of us. We are battered and bruised but not knocked out yet.]]></description>
			<content:encoded><![CDATA[<p>Thanks for thinking of us. We are battered and bruised but not knocked out yet.</p>
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