Semtech Tumbles After Failed Bullish Breakout: A Short Trade Success

person using MacBook Pro on table

Image Source: Unsplash

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.


More By This Author:

Transports Bearish
Index Present Tense
Gone To The Dogs

I 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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.