Verified Investing on $SMH (Nov 2, 2026)
SMH is likely to pierce $500 support in the next couple of days and then bounce toward 538, with tomorrow’s declining trend line at 530; the bounce depends on AI data-center plays gaining traction.
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into the SMH as I described much like the Q's. You see this low pivot here from July of 2026 this year. That's going to be the next area of support. Now, that's very close, guys.
That's at 50363. I'm anticipating with this declining trend line, I'm anticipating we pierce that $500 level. You can see tomorrow that level on this trend line is at 530. I'm anticipating a potential pierce of 500 in the next couple days and then likely we could see a returning bounce to test uh the bottom range of this parallel channel right around 538.
That would be a decent bounce on the SMH. a pierce of 500 up to 538 should be about you know about four to about five to eight% bounce potential should be upcoming for the SMH it's all a matter as if we get some traction behind some of these AI data center plays that are really just been getting hit hard like Oracle and all these others that are spending more and more money regardless
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