SOXL - Long Shares Play - Quadruple Bottom on Weekly Timeframe
SOXL has reached a major bullish level here, with great possibilities for calls/shares.
Chart Event: Quadruple Bottom on Weekly, Double Bottom on Daily
Confluence:
Trade Idea: Calls/Share Swings
Price Targets:
Chart Event: Quadruple Bottom on Weekly, Double Bottom on Daily
Confluence:
- Rising volume each time price action nears this level
- Bouncing neatly at weekly 200EMA
- Strong weekly bullish divergence
- Strong daily bullish divergence
- Chip shortage continues to benefit chipmakers
- Falling Wedge on 65m
Trade Idea: Calls/Share Swings
Price Targets:
- PT1 - $30.50
- PT2 - $32.00
- PT3 - $33.00
- PT4+ - $35.00
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.