SOXL - Long Shares Play - Quadruple Bottom on Weekly TimeframeSOXL has reached a major bullish level here, with great possibilities for calls/shares.
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
