While everyone is worried about a crash, $SMH managed to pull off another all-time high weekly close! No concerns as long as it holds the 1.618 log Fibonacci level at $387.77. In fact, if that holds, the next theoretical target would be the 2 log Fib at $471.04.
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While everyone is worried about a crash, $SMH managed to pull off another all-time high weekly close! No concerns as long as it holds the 1.618 log Fibonacci level at $387.77. In fact, if that holds, the next theoretical target would be the 2 log Fib at $471.04.