ContraryTrader

SMH Doji Star. Chip Sector pullback

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NASDAQ:SMH   VanEck Semiconductor ETF
Chip sector led to a massive rally in the NDX...
The biggest holdings in this sector are
1.NVDA
2.ASML
3.AMD.
4.TSM
5.Qcom
6.INTC

With the exception of INTC all these stocks are overbought on every indicator.
A pullback is to be expected from this sector but I would like to see if this channel breakout is the real or Faux

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