SOXX Pulling Back from Price and RSI Resistance
Semiconductors are pulling back from Price and RSI Flag Resistance Levels. This is the same chart that I posted earlier this week.
Breaking yesterday's low could send $SOXX to the 18 day moving average. I will probably buy that and Flag support, which will be near $209 later next week.
A break of Flag Resistance or Flag Support on a closing basis unlocks a much bigger move for $SOXX.
Breaking yesterday's low could send $SOXX to the 18 day moving average. I will probably buy that and Flag support, which will be near $209 later next week.
A break of Flag Resistance or Flag Support on a closing basis unlocks a much bigger move for $SOXX.