Sector Weekly analysis - ASX
$Semiconductors(BK5010.AU$ It had a volume run from December and is now eyeing a break out around the 970 zone with potential up to the 1066-1100 region.
We need further upward momentum from the OBV to provide more supporting evidence.
Supporting Evidence:
H&S forming
Volume turning positive
OBV - starting to turn
Detracting Evidence:
Volume still low
Still early
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Experienced retail investor specialising in top down technical, fundamental and macro economic analysis
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