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Direxion Daily Semiconductor Bull 3x Shares

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SOXL trade ideas

SOXL 1D — With a base like this, the ride’s worth itOn the daily chart of SOXL, since early March, a textbook inverse head and shoulders pattern has formed and is now in its activation phase. The left shoulder sits at $16.67, the head at $7.21, and the right shoulder at $15.11. The symmetry is classic, with volume stabilization and a narrowing range — all the elements are in place. The key moment was the breakout through the descending daily trendline around $19.00. Price didn’t just pierce the level — it held above it, signaling a phase shift. There was an attempt to break through the 0.5 Fibonacci level at $19.60, which led to a pullback — not on heavy selling, but on decreasing volume. This wasn’t a rejection, it was a pause. This pullback serves as a retest of the breakout zone and the 20-day moving average. The overall structure remains bullish: price stays above all key EMAs and MAs, RSI climbs past 60, and the candlestick structure is stable. Volume rises during up moves and fades during pullbacks — classic signs of reaccumulation. The measured target from the pattern is $32.00, calculated from the head-to-neckline height projected from the breakout point. As long as price holds above $18.40, the setup remains intact. A break above $19.60 with confirmation would open the door to acceleration. This isn’t a momentum play — it’s a setup months in the making. The structure is there, the confirmation is there, and most importantly — the price behavior makes sense. With a base like this, the ride ahead looks worth taking.
AMEX:SOXLLong
by TotoshkaTrades
4
SOXL Will FLY!Just look at the AD line: With its sharp V-shaped recovery, the A/D Line (middle area) shows that the recent price rise is being driven by significant capital inflows and strong buying interest. The Accumulation/Distribution Oscillator (lower panel) underlines this with an exceptionally high green bar, indicating massive buying pressure in the recent trading period. At the moment there are no obvious negative divergences between price and indicators. Rather, the indicators are signaling strong bullish momentum, which is supporting the current upswing. For an instrument as volatile as a leveraged ETF, this is a remarkable sign of the strength of the current move. I don't want to sound euphoric, but THIS is a BIG BUY!
AMEX:SOXLLong
by Ochlokrat
$SOXL $SOXX BOTTOMED (ASCENDING TRIANGLE)An ascending triangle is a bullish breakout pattern that occurs when the price breaks through the upper horizontal trendline with increasing volume. The upper trendline is horizontal, showing nearly identical highs that create a resistance level. Meanwhile, the lower trendline slopes upward, indicating higher lows as buyers gradually increase their bids. Eventually, buyers become impatient and push the price above the resistance level, triggering further buying and resuming the uptrend. The upper trendline, which previously acted as resistance, then becomes a support level. Semiconductors NASDAQ:SOXX are crucial to the United States for several reasons: Technological Backbone: Semiconductors power essential technologies like smartphones, computers, cars, and medical devices. They are integral to almost everything with an on/off switch. The semiconductor industry aka NASDAQ:SOXX significantly contributes to the U.S. economy. It supports millions of jobs and drives innovation in various sectors, including artificial intelligence, biotechnology, and clean energy. Semiconductors are vital for national security. They are used in military systems, aircraft, weapons, and the electric grid, making them critical for defense and infrastructure. Maintaining a strong semiconductor industry helps the U.S. stay competitive globally so BUY AMEX:SOXL , $SOXX. The CHIPS and Science Act, for example, aims to revitalize the U.S. semiconductor industry, create jobs, and support American innovation. Strengthening the domestic semiconductor supply chain reduces dependency on foreign sources, enhancing the resilience and security of supply chains. BUY NOW AND HOLD
AMEX:SOXLLong
by sej4974
2
Opening (IRA): SOXL March 21st 29 Covered Call... for a 26.85 debit. Comments: High IV; starter position. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 26.85 Max Profit: 2.15 ROC at Max: 8.01% 50% Max: 1.08 ROC at 50% Max: 4.00% Will generally look to take profit at 50% max, add at intervals if I can get in at better strikes/better break evens than what I currently have on, and/or roll out the short call if take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
Opening (IRA): SOXL May 16th 17 Covered Call... for a 15.68 debit. Comments: Laddering out a smidge here, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 15.68 Max Profit: 1.32 ROC at Max: 8.42% 50% Max: .66 ROC at 50% Max: 4.21% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens than what I currently have on, and/or roll out short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
7
$SOXL Inverted Cup and Handlel (SELL NOW!)Grasping chart patterns is essential for market participants. This article explores the inverted cup and handle formation, a bearish signal that suggests potential downward movement. The inverted cup and handle, also known as an upside-down cup and handle pattern, is a bearish chart pattern that can appear in both uptrends and downtrends. It is the reverse of the traditional bullish cup and handle pattern. The inverted formation consists of two main components: the "cup," an inverted U-shape, and the "handle," a small upward retracement following the cup. SELL NASDAQ:NVDA AMEX:SOXL NASDAQ:AMD NASDAQ:AVGO NASDAQ:QCOM NASDAQ:MRVL NASDAQ:MU $TXN. Lets BUY it again WHEN IT'S LOW guys. Mark my word
AMEX:SOXLShort
by sej4974
10
SOXL in Buy ZoneMy trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in buying zone at bottom of 2 of 3 channels Stochastic Momentum Index (SMI) at oversold level Money flow momentum is spiked negative and under bottom of Bollinger Band Price at or near Fibonacci level Entry at $13.30 Target is upper channel around $19
AMEX:SOXLLong
by chancethepug
4
Opening (IRA): SOXL April 17th 14 Covered Call... for a 12.95 debit. Comments: High IVR/IV. Adding at strikes better than what I currently have on, selling the -81 call against shares to emulate the delta metrics of a 19 delta short put, but with the built-in defense of the short calls. Metrics: Buying Power Effect/Break Even: 12.95/share Max Profit: 1.05 ROC at Max: 8.11% 50% Max: .53 ROC at 50% Max: 4.06% Will generally look to take profit at 50% max, add at intervals if I can get in at break evens better than what I currently have on, roll out short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
2
DCA Play $SOXL | Good R:Rhere are my key observations based 4-hour chart on AMEX:SOXL Price is in a tight consolidation. must break $28.54 with an abs close to see upside potential. If rejected, a revisit of $26.35 or lower could happen. However, this sets us up for a great averaging play $26.35 is a strong support, meaning price may bounce before reaching $25.57, a logical place to accumulate. SL @ $23.77 (or close =< .79) a break below 23.80 will mean further downside. (best to confirm with close) T1 @ $30.00 first aligns with 50% Fib. standard reversal area. T2 @ $32.70 to gap fill if momentum is persists Why this works: no need to predict the exact bottom, nature of cost avg'ing earlier rebound to $25.57 allows you to maintain exposure scaling out at $30 and $32.70 locks in profits while allowing more upside Good risk-reward ratio (~1:2.5 or better) Risks to consider: breaks <$23.79, will go lower (possibly retesting $22-$21 range) If volume remains weak, recovery to $30 may take longer than expected semiconductors remain somewhat bearish, meaning AMEX:SOXL could lag even if it stabilizes a bit Watch for volume confirmation on the bounce Play for T2: In the event that price reclaims $28.54 quickly, consider adding to the position for momentum play to $30.00 Other supporting indicators: a descending wedge has formed, this occurs after a downtrend where price is making lower highs and lower lows, but the slope of the downward move is narrowing; a bullish signal because it shows sellers losing strength, and a breakout to the upside is likely. Last Vol was at 43.88M, lots of involvement Implied Volatility was at 91.45% β 4.32 : market expects large swings Put to Call ratio (0.67) indicate to me that there are more calls than puts out, a bullish sentiment for those who aren't familiar with options.
AMEX:SOXLLong
by EJSM
Opening (IRA): SOXL March 28th 20 Covered Call... for a 18.91 debit. Comments: I wanted to take advantage of this little bit of weakness here, but at less risk than what I ordinarily take, giving me more "room to be wrong." Here, selling the -84 delta calls against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short calls. Additionally, it's at strikes better than what I currently have on ... . Metrics: Buying Power Effect/Break Even: 18.91 Max Profit: 1.09 ROC at Max: 5.76% 50% Max: .55 ROC at 50% Max: 2.88%
AMEX:SOXLLong
by NaughtyPines
2
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
Opening (IRA): SOXL March 21st 23 Covered Call... for a 21.09 debit. Comments: Adding at strikes better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 21.09/share Max Profit: 1.91 ROC at Max: 9.06% 50% Max: .86 ROC at 50% Max: 4.03% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes better than what I currently have on, and/or roll out the short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines