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Direxion Daily Semiconductor Bull 3x Shares

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SOXL trade ideas

Semiconductors struggling this afternoon on bad China trade newsTech stocks took a dive this afternoon as the market absorbed today's bad news about the China trade war. Not only do headlines suggest that both Trump and China are taking hardline stances, but they also declare that tariffs won't cover the cost of the trade war and that Trump is making it hard for tech and retail firms to limit China exposure. This is particularly bad for semiconductors, and it also hit one of my top picks, online retailer Stitch Fix. SOXL seems to be holding support so far, but watch out for a possible downward channel break.
AMEX:SOXL
by ChristopherCarrollSmith
1
Why I'm ignoring technical chart and buying SOXL after hoursTrading View's technical chart is flashing a sell signal for SOXL, but my proprietary algorithm is saying buy. These indicators are flashing strong buy: Slope of the Hull moving average Previous day's change Difference between 20-day exponential moving average and 20-day simple moving average These indicators are flashing a weak sell: 20-day simple moving average slope Distance from Hull moving average This indicator is flashing a fairly strong sell: *Distance from 20-day exponential moving average My proprietary algorithm aside, there's also seasonality to consider. Today is a "bear day" according to the Stock Trader's Almanac, meaning that on this date the market historically has fallen more than 60% of the time. However, the next week and a half have historically been bullish. So historical patterns suggest that today's decline was an anomaly and that the market will rally tomorrow or Friday. As always, this is just an idea about how the market may move, not investment advice.
AMEX:SOXLLong
by ChristopherCarrollSmith
Price projection: Bear flag, target $42, low volumesBasically i would never go long now, would you? Volatility, sell off, a bear flag, i don;t care if it goes 20-30% up, it is still a bear market. Wait for price to drop to like 42 or something like that before accumilating.. Look for volumes, we need 2012,2013 to start selling their positions. That will be a clue when to get in. Be mindful of fractal events, Looks like Jan 14 might the signal we need. Good luck everyone ;) **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support ~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analyzed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place! Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines! Thank you, Ajion
AMEX:SOXLShort
by Ajion
Inverse Head and shoulders formation for semicondutors ETFBackground: Bullish trend finished on resistance 171 price level. Tripled top on sept 27, 29, and oct 04 on RSI on 70, then channeling wide and volatile through 140-160 price levels. First: SHOULDER formation oct 02 starting RSI 65, 160-114-128 price oscilation. Second: HEAD formation oct 17 to nov 02 starting RSI 62, 128-84- 114 price oscilation. Third: waiting on heavy resistance a second SHOULDER formation. Best escenario: 122-112-128 on 18 days; Mid Escenario: 116-10-128 on 22 days; Worst Escenario: 114-88-128 on 26 days. Notes: - wait consolidation correction of this bull trend to complete de H&S patterb formation - we need to see another bottom for the escenarions on November 12-15 - critical eventes: NVDA earnins 11-15-2018 (This will mark any movement)
AMEX:SOXLLong
by gabcab18
SOXL Semiconductor 3 X Bull ETF Potential Move Up to 200SOXL, Direction's Triple Bull Semiconductor ETF, has formed what appears to be a powerful V bottom pattern formation during the month of August with the chart pattern clearly showing a bullish breakout above 170.50, from the recent low below 139, would project the ETF back towards it's all time high at the 200 price area. Semiconductor stocks are a market leading industry group have lead the recent sharp rally, and a bullish breakout would certainly be a bullish continuation signal for the market. I would use this ETF as a Bullish Hedge, against further advances in the market this fall. STOP is at 138.00, 30 points away, so size position accordingly. THE_UNWIND
AMEX:SOXLLong
by The_Unwind
Heading toward 106 by 08/15 and 77 by 2019Unless resistance line is broken, i say we are in the bear market. Just look at the volumes at the prices ranges. Big volumes at 95. That means if break bellow, panic selling will commence, and this will drag us down below $80. Also, most bought at $20 and $40 so unless they are all stupid, and i don;t think so. They will be taking profits. To enter at a lower position. I think we have to have ABC correction here, if we are aiming to go as high as $400. ~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analysed, please PM me. Thank you, Ajion
AMEX:SOXLShort
by Ajion
4
Reverse Triangle, heading into wave 5, into $400 territory!Looks like i was wrong previously, we were not in wave 5, we were still in wave 3-4, and this is a reverse Symmetrical triangle! Well, it looks like we should be heading into $400 territory. So i can market is going to go bust sometime early 2019. /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analysed, please PM me. Thank you, Ajion
AMEX:SOXLLong
by Ajion