SOXL trade ideas
#soxl bullish longterm ...long term view is the better way to go with this … don't trade it ...Buy it
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.*/
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Ajion
Short now for 30% to 70% gain? We are heading to $80-70 rangeFrom it seems, we are about to enter a correction phase.
We still need a confirmation, but after A and 1, all i am seeing a volatility and not a uptrend.
We could go higher, but it seems short is the right call here.
/*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
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
#SOXL beast MOde ETF lolI mean it could go back and test previous 52 weeks high , chart speak for itself
#SOXL this etf is FireThe chart speak for itself ...trade war drama cause the fall , that correction was well overdue now its over , bullish momentum back on
SOXL channel breaking + overbought zoneWe are spectating a channel breaking in SOXL resulting a strong price bounce on 120-122 support. 20 point up we can see how SOXL is making consistently new high spots despite several bull traps in the channel. Spectating uptrend continues to a new resistance near 150-160. Watch out for price drop back to 132. Stop loss at 132.5 so you can manage the risk for less of 10% of position value. We can notice that MACD is out of normal zone on 76 level, this is a clear bull signal leading to a overbought zone. Expectate upcoming correction in the next daily candles.I do not recommend to invest, just only commenting the chart. Before you do so please take several aditional information rather this chart comment.
SOXL: Direxion Semiconductor Bull 3X Leverage ETF Overview This ETF is one of my favourites, with a very consistent return
Year to Date* 26.14%
1 Year 171.57%
3 Years 85.12%
5 Years 85.46%
10 Years --
Since Inception 44.61%
Has shown a positive return every quarter since Q315
Reuters Lipper Fund Research:
Total Return: 5
Consistent Return 5
Tax Expense 4
BETA= 4.16
Holdings: (Top ten. Yes, there is AMD)
Dreyfus Government Cash Management (Institutional)
Texas Instruments Inc ORD TXN
Intel Corp ORD INTC
Qualcomm Inc ORD QCOM
NVIDIA Corp ORD NVDA
Broadcom Ltd ORD AVGO
Analog Devices Inc ORD ADI
Microchip Technology Inc ORD MCHP
Taiwan Semiconductor Manufacturing Co Ltd DR TSM
Micron Technology Inc ORD MU
Asset Allocation
Equities 65.44%
Cash 10.61%
Fixed Income 12.15%
Other 11.80%
SOXL - Going long 119.00 for a tradeLooks to be at a solid point that it should bounce. Looking for 140. Never got oversold on RSI
SOXL (and TXN) at a discountSOXL is a 3x leveraged ETF, whose top 5 holdings are TXN, NVDA, QCOM, INTC, and AVGO. Earlier today, TXN endured a massive sell-off following their unimpressive earnings report, resulting in a hard drop in price for SOXL, as well. However, I don't expect TXN to stay down past this trading week, and when it rebounds, SOXL will be along for the ride. The semiconductors industry is red hot.
SOXL Semiconductors x3 ETF LONG - Earnings rally starts: ~%30..!JAN. Earnings rally is starting off with INTC.
Semiconductors are expected to beat estimated earnings.
Good R:R, keep your SL tight.
below the nice pitchfork of AugLong soxl, reached support at the bottom of the pitchfork. Due up for one of its sexy +5% day returns.
$XSD $SOXL Semi's selling off but buy zone is here$SOXL has been running hot correcting now a bit, but might be a god time to consider starting a position or averaging up/down
What a nice soxl pitchforkAm new to trading, but Noticed that there seems to be a nice pattern here. Seems like it could drop a little moore before taking off again. Probably should wait a little before buying back in.
SOXL Bullish Elliot Wave Exit into Correction Pattern?I feel like I've seen this pattern before on this chart.
It's hard to bet on a continued rise up from here, even with all the tax reform talk and earnings season around the corner. It's been an incredibly good rise. My best guess is that this enters a correction pattern back to main trend line.
This is my first published idea so take it with a grain of salt.
Constructive comments certainly welcome as I'm still learning how to read charts.
SOXL, Inverted Cup and Handle An Inverted Cup and Handle pattern appears to be forming. The RSI is almost dead even, and we are in a squeeze coming off of the short upward momentum of the handle. If that squeeze releases into the red as we test either band, there is a good chance the price will fall through the bottom of the handle and test the $93.50ish resistance line which is just below the rim.
If you are in above price, I would set a stop around $96.75.
If you are looking to get in, I would wait and see if we can get another crack at $90.
