Chart 1: SOX's daily chart as at April 26, 2017 (Source: Stockcharts.com)
If SOX can surpass the recent high, it would probably be above the intermediate uptrend line. If this condition is attained, I consider the semiconductor sector to be safe and the stocks' uptrend is likely to continue. For now, I feel that the jury is still out.
Chart 2: SOX's weekly chart as at April 26, 2017 (Source: Stockcharts.com)
1 comment:
HI Alex, Semi Con related to Kelington.
What is your advise on Kelington?
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