$SOXL - semiconductors Bull 3x gonna explode soon $SOXL #SOXL
As we expect the boom in the sector in the upcoming years related to the worldwide shortage of semiconductors I thought it could be a good idea to buy this ETF instead of specific stocks. This way I can track what's going on in the industry and stay with the position without the need to rebalance all the time.
Keep in mind:
1) NVDA (which is 7% of ETF) will have a split in June (typically bullish)
2) AMAT, LRCX - other strong companies of the sector are on the edge of a breakout
3) Technicals are strong, above all SMAs except 20 (this gonna happen soon as well)
4) Crazy runners like LEDS also related to semiconductors
Keep in mind:
1) NVDA (which is 7% of ETF) will have a split in June (typically bullish)
2) AMAT, LRCX - other strong companies of the sector are on the edge of a breakout
3) Technicals are strong, above all SMAs except 20 (this gonna happen soon as well)
4) Crazy runners like LEDS also related to semiconductors
Trade active:
The trend line is broken. Next obstacle is at 1 level Fibbonacci.