$SMH - Price bounced from the highlighted demand zone
$VanEck Semiconductor ETF(SMH)$ - Price bounced from the highlighted demand zone, coinciding with the lower edge of the volume shelf.
However, the latest candle's shape suggests a potential top at the upper edge of the same volume shelf, aligning with a supply zone. Despite this, the stochastic oscillator suggests the bullish move may not be over.
$NASDAQ 100(NDX)$ $NVIDIA(NVDA)$ $Advanced Micro Devices(AMD)$ $SPDR S&P 500 ETF Trust(SPY)$
This chart was part of the fundamental edition of the week (Semiconductors), $Micron Technology(MU)$ roared 3% after the publication was posted mentioning the bullish setup. Check its fundamentals anyway, also with $Texas Instruments(TXN)$ and $Intel(INTC)$ .
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