▲ 19 r/YieldMaxETFs
The Semiconductor sector has seen an unusual and rapid rise in price action. Looking at the chart below of SMH, which holds a similar portfolio as CHPY, it's unusually far from the 20 and 50 day moving averages. Additionally, the Bollinger bands have expanded significantly indicating increasing volatility, MACD is losing momentum, the Stochastic oscillator is beginning to roll over and the RSI is well into overbought territory. IMHO, considering the history of SMH oscillating closely around the 20 day moving average as it drifts up, all these technical indicators are suggesting a top has been reached and a violent pull back is coming.
u/Baked-p0tat0e — 14 days ago