Weakness spotted in the Semiconductor Sector.. Bulls been buying near top of the wedge on the weekly chart. The Chart also shows prev. support, now acting as resistances. Looking to set up a swing trade short
SOXL the 3X leveraged ETF of semiconductor stocks has gained 145% for the first half of the year. As shown on a 2H chart, the price has pulled back but the overall trend of HH and HL is intact within an ascending parallel channel. Price previously touched the lower trendline on May 24th while it touched the upper trendline May 30th and then again June...
Head shoulder forming and if confirmed, price target around 17.75 (18.50 support).
🔹Breakout the rising trend up in the medium long term. 🔹Achieves target at 25.20 after breaking rectangle formation. 🔹Support at 22 and resistance at 46. 🔹Technically positive for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head &...
Weekly idea of this week is to long SOXL, short WOOD. With Apple's announcement of vision pro in early June, I expect a rise in demand of semiconductors in the supply chain (and also in upstream industries such as metal mining/battery making). WOOD is least correlated to the upstream industries while also reported being shrinking in the latest ISM report. Price...
This chart shows the long-term ratio between SOXL/SOXS. The intent is to detect reversals between semi-conductors long and short. At the pivot high, the price of SOXL compared with SOXS is at its highest. With a retreat from the pivot high, the price of SOXL is retreating while SOXS is rising. Historically in 2022 as shown on the chart, pivots were with a...
I hope you caught my idea earlier this month, in which I explain how April chop beneath mid of the 6-23 range likely deviation before sned. Now that we're here: If above 19 it's sending 23, which is first quarter of the whole move. Has plenty of gap incentive for higher between first quarter and 50% retracement (40) as well. If we do get the pullback to 17s...
AMEX:SOXL Soxl to the moonnnnnnn Soxl long over the next few days semiconductors are on fire right now. They’re holding the market up especially NVIDIA.
GT ($8.77) - VTN ($12.5) - Fibo ($12.45) Plan A: Sell put option one month expire to earn premium at $12.5. Goal to earn 4% monthly premium from collaterals money. Plan B: I am willing to hold SOXL long-term at $12.00/share if I need to exercise my Plan A sell put option. Plan C: I will sell cover call option for Plan B to earn 4-5% monthly premium income...
- SOXL is moving within a rectangle formation between support at 12.99 and resistance at 18.59. - A decisive break through one of these levels indicates the new direction for the stock. - SOXL is between support at 13.70 and resistance at 18.00. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit,...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 14.4/61.80%
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 13.2/61.80%
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 17/61.80%
Locally, at least since last April, SOXL has been confined to a trading range as defined herein by yellow horizontal lines, which is the range from 23 highs to 6 lows, thereby having mid at 14.5. So long as above 14.5, I reckon that SOXL will make its way to the range highs (23). On a longer time horizon, it seems likely to reclaim 23 as support and resume trading...
1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 17/61.80%
Direxion Daily Semiconductor Bull 3X Shares forms bullish "Megaphone Bottom" chart pattern "Megaphone Bottom" chart pattern formed on Direxion Daily Semiconductor Bull 3X Shares (SOXL:NYSE). This bullish signal indicates that the stock price may rise from the close of $16.61 to the range of $19.60 - $20.30. The pattern formed over 16 days which is roughly the...
Clear Buy Here. Broke multiple resistances and positive EMA's.
$SOXL stock, target posted. -Higher low rounding above 200 day