Hey all -
Sharing my mid-term analysis of SOXL. We've reached buy levels on the daily, weekly, and monthly charts.
Ideal entry between $16.46 - $18.12.
With patience, swing up to the $25-31 dollar area. Specifically for options, I'd suggest an August expiry, with an ITM or ATM strike price.
Happy Trading!
Sharing my mid-term analysis of SOXL. We've reached buy levels on the daily, weekly, and monthly charts.
Ideal entry between $16.46 - $18.12.
With patience, swing up to the $25-31 dollar area. Specifically for options, I'd suggest an August expiry, with an ITM or ATM strike price.
Happy Trading!
Trade active
Trade is still active! Price has fallen deeper into the demand zone. This could be an amazing area to accumulate for the short- mid-term rally. A break below $14.01 invalidates this idea. I think we are in for a final leg up before the overall stock market tops. All boats rise together.
See you on the other side!
Note
Hey Y'all! The market has taken a nosedive, and I've slowly started to add additional August contracts. SOXL has cut through resistance levels like butter - however, fortune favors the brave.
Take a breather and digest prices as they bounce around down here. Confirm for reversal before jumping in. Or sit this out! We are living through wild times - opportunities will present themselves. Stay ready.
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.
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.