SOXL has been forming a pretty well-defined Pennant and underlying fundamentals in the ETF are strong with a good tail wind.
Prediction:
- No bad world news, especially NK. (Manufacturing base in Seoul and throughout Japan). We break the upper band; $97 target.
- Bad world news, good buy in point >$90 as we bounce off the lower band, break upper band if the news is not continuously reported.
Prediction:
- No bad world news, especially NK. (Manufacturing base in Seoul and throughout Japan). We break the upper band; $97 target.
- Bad world news, good buy in point >$90 as we bounce off the lower band, break upper band if the news is not continuously reported.