This is potentially our second foray into the SEMI ETF in recent months, we believe the ETF will break its July swing low but how far it then falls is a coin toss with our initial buy level equating to a similar fall as we saw in June & July.
- We are putting a “panic” bid into the SEMI in case we see a spike lower in the coming sessions but this may well (and probably will) be lifted moving forward.
Trade Idea: Buy Global X Semiconductor ETF (SEMI) using a limit of $25.70, with stops at $23.70, around 8% risk.
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