$SOXL stock, target posted. -Higher low rounding above 200 day
SOXL has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. SOXL has received a positive signal from the moving average indicator, thus signaling a continued rise. The stock is approaching support at 14, which may give a positive reaction....
$soxl Our next target is at 16.53, which is still 8.5% away from the current price. Breaking below 14.53 would be a weak support level.
There is a chance that SOXL might end up filling the gap January 23. We are currently at the end of the Elliot wave theory so if that proves to be true we should continue to see a very steep decline. With various reports coming out the only thing I think that would keep it up is good economic reports. I think you will see SOXL come down to roughly $12.90...
Bearish penant formed on the 1HR for AMEX:SOXL . Looks like a break out after hours and should confirm when Open. RSI divergence is also present in recent hours. Measured flag pole downwards tags the macro trend/flag that's formed on the daily.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 13.6/61.80%
quite simply its very bearish. if semiconductors dont immediately rally over this pivot they wont come back this week. if they dont come back this week the whole market is headed down for now.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 13.8/61.80%
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 15.6/61.80%
Been a while, but finally SOXL has broken out and IF this week keeps up or at least keeps where it is currently, it appears to be a clear breakout on the weekly chart. Clearly, MACD and VolDiv are aligned for a bullish run. Heads up! Revisit again soon...
SOXL has rejected 14.95 twice before and looks like a good R:R
I like this SOXL 3x bull, looks like an easy double the money is about to come in. I need to community credit you all like and comment on my shit!
Real nice pop on our SOXL long entry today. Engulfing above local highs and 2019 resistance. Should be a smooth ride up to the test the precovid highs, but if the market continues to rise, the 382 would be a target beyond that at around 32.
On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break, the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance for a swing trade short to the downside targeting the point of control line ( dark green ) inside...
Fake breakdown of a trendline from 2012, largest capitulation volume selling in Oct. Everything just looks extremely bullish for semis longterm to me.
rainbow, slope and range adaptive averages show we are coming off top of range and headed for a retest of slow moving average. this lays out the targets, and im hoping to stay on top of that region.
short semiconductors are on the verge of breaking down, and basically if we stay over 12.20 soxl im aiming for daily gap close, or near 12.86 . if we break this ascending tightening range to the downside and more or less double top 4hr resisting from top of envelope, around 12.30s or lower, im looking toward 15 minutes demand zone in low 11s maybe 11.30. short...