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DIREXION DAILY SEMICONDUCTOR BULL 3X SHARESDIREXION DAILY SEMICONDUCTOR BULL 3X SHARESDIREXION DAILY SEMICONDUCTOR BULL 3X SHARES

DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES

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SOXL trade ideas

SOXL on big support.We are at a big level of support at SOXL (Direxion Daily Semiconductor Bull 3X Shares). The semiconductor industry is very important: "Semiconductors are the brains of modern electronics, enabling technologies critical to U.S. economic growth, national security, and global competitiveness. Semiconductors have driven advances in communications, computing, health care, military systems, transportation, clean energy, and countless other applications. And they are giving rise to new technologies that hold the promise to transform society for the better, including brain-inspired computing, virtual reality, the Internet of Things, energy-efficient sensing, automated devices, robotics, and artificial intelligence. Semiconductors’ greatest potential lies ahead." - Semiconductor Industry Association. Big levels of resistance are: 48ish (70% above) and next one is ATH 74,19 (158%). We're going to see some turbulence along the way. We have the problem of inflation and rate hikes by the FED but ATH are going to be met at some point.
AMEX:SOXLLong
by AltcoinBronte
1
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
AMEX:SOXLLong
by cloud9futures
8
Direxion Daily Semis choosing the direction with the bears. SOXLGoals 33, 21. Invalidation at 100. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
AMEX:SOXLShort
by Rykin_Capital
SOXL bearish double top*disclaimer* I haven't published anything outside of the crypto markets publicly. However, I have had my eye on SOXL, Direxion Daily Semiconductor Bull 3X Shares ETF. I originally thought that earnings for NVIDIA were going to boost the asset and asset class, however it seemed to me the night before earnings that the earnings call was already priced in. Looking at an 8 hour hollow candle chart here going back to fall 2021 makes the picture a bit clearer for me (when in doubt zoom out). SOXL did a bearish double top between late November 2021 and early January 2022. And now volume is kicking up heavily on the sell side. Especially when current volume is compared to moving average for volume. If the NVIDIA earnings call wasn't enough to lift, and rumors about auto manufacturers continue to slip in through the cracks, I see plenty of downside correction left for SOXL. That being said, this is part technical and part "buy the rumor, sell the news" analysis and I will keep my eye on this sector which has been outperforming.
AMEX:SOXLShort
by CryptoSlayerFX
SOXL forming a new range?Since we're now below the 200 MA and re-confirmed the prior resistance levels we are looking to create a new range. The Market is full of fear right now, Rate hikes, emergency FED meetings, fears of a war in Ukraine, Long term fears of stagflation, or recession. When you see the solid companies in this sector (NVDA, AMD) getting hit you know people are selling everything. I just put some lines on the chart of prior support level. It's around 28 +- That would be a 30% drop. Since this is a 3x ETF that would be an approx. 10% drop in the PHX or SMH. According to Tom Lee of fundstrat, a 1% raise in interest rates is usually accompanied by a 10% drop in Equities. We've already had a 10% SPY correction, so now the market is starting to price in some more interest rate raises.
AMEX:SOXLShort
by Sacyourking
4
SOXL price prediction for 2/1/2022We all know you cannot predict the market, but here's my opinion for this Semiconductor ETF by February 1, 2022. I base this prediction on the continued exodus from risk assets because of the likely FOUR rate hikes this year. I see NO support levels between our current price and the prior highs of 45+- There are two trend lines that would intersect at this level by February 1. I think a trend change could occur at one of the next two Fed Reserve meetings; January 25,26 or March 15,16. Just my opinion, but I think Semi's will continue to lead the market as a whole, so get ready to buy in hard once we get some support.
AMEX:SOXLShort
by Sacyourking
6
Chip shortage? SOXL will be a winner in 2022Hello all, SOXL was good to me but I have since sold off as I see weakness in the market. I believe chip production will increase in 2022 as everything needs chips in them with the technology sector increasing at an exponential rate and crypto becoming a big deal. The MACD has crossed and going into a down trend. The stock would have snapped the 20day ema today but MRVL held the stock nicely. Once the stock goes below the bottleneck there will be no support until 44, see the VPVR. It also looks like it will go back to the trend. The blue trend is the strongest going back to the march 2020 crash and the white like is the march 2021 trend. Buy the dip once it falls 44 and more at 40. I will confirm once I get back in.
AMEX:SOXLShort
by Cuzinhass