SMH is in a bull flag pullback; breaking below ~492 to the 50-week MA signals significant weakness.
“Pockets of Strength in "Rotational Market" as Crude Oil, Yield Swings”
Schwab NetworkPublished Sep 15 · 1 passage
Jump to any passage
1 passage
I want to go back to the semiconductor trade though. If you go to SMH, we do have that chart. Once again, just a little bit of a bull flag pattern that's taking place right now.
A little bit of a pullback. If you break below 495, let's say 492, that's when you get a little bit more concerned hitting that 50week moving average. I think that would be your your key area of support and if not and we break down you have bigger problems within the market.
What this channel has said about $SMH
Schwab Network has only this one call on this stock.
2026-09-15This one
I want to go back to the semiconductor trade though. If you go to SMH, we do have that chart. Once again, just a little bit of a bull flag pattern that's taking place right now. A little bit of a pullback. If you break below 495, let's say 492, that's when you get a little bit more concerned hitting that 50week moving average. I think that would be your your key area of support and if not and we break down you have bigger problems within the market.