Buyers with a longer time frame will look to the 200-day MA for low risk long-side opportunities.
The Semiconductor HOLDRs (SMH) are likely to test the breakaway gap. True breakaway gaps don't fill so anything below $20.75 puts the bullish picture at risk.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.