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Soxlrally

Is SOXL ever going to breakout...Have held long on SOXL for about 5.5 weeks now with an average price of $30. I identified a wedge alongside "hidden" divergence on the MACD on a weekly time scale but it's still been pretty much in the same zone/area of consolidation. When the DeepSeek news broke out, I was for sure ready to cut ties with this one since the Nasdaq was in a complete bloodbath but I gave it some room and glad to see it has been recovering OK for now. My original target for one is/was $40 but I'd consider taking it off the table if we saw $35+ again. We'll see how this week performs and watch for that gap being filled. Good Luck & Trade Safe.
AMEX:SOXL
by InternalTraderNYC
SOXLLocally, 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 within its larger range, which is from its 73 highs to 6 lows and has mid at 39.5. So 23 next, and then reclaim 23 for 39.
AMEX:SOXLLong
by jhonnybrah