Semtech (SMTC) took a hard tumble today. I’ve pointed this out several times as a short candidate because it had a spectacularly failed bullish breakout.
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Semtech (SMTC) took a hard tumble today.
This is a chart I’ve pointed out a bunch on my tastylive program as a short candidate, because it had the most marvelous failed bullish breakout. It was too thin to trade, but it’s nice to see yet another chart work out As God Intended.
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Transports BearishI tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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