SOXL trade ideas
SOXL, SMH, Parabolic Move AheadSemiconductors( SOXL, SMH) are on the verge of finalizing a correction and are poised for a significant upward movement, potentially resembling a parabolic rally.
Many investors will be caught off guard and have already lost faith in the semiconductor sector. By Q1 2025, i expect semiconductors to reach new highs.
If you resonate with this perspective, please share and boost! :)
SOXL, almost there!Patience for SOXL, I hope it doesn't get ahead of me, I see it in a good buying area at $22 USD with tremendous potential to rise, I hope that booming of the AI, robots, autonomy, home automation, electric cars, etc. continues, this will help SOXL keep growing.
Direxion Semiconductor 3x Bull | SOXL | Long at $30.00So many semiconductor companies... which one to choose? Enter AMEX:SOXL - not for the faint of heart. Losses and gains triple compared to most semiconductor ETFs, so stay away if high-risk plays aren't your thing. The top three holdings are NASDAQ:AMD , NASDAQ:AVGO , and NASDAQ:NVDA - two of which are at all-time highs...
I wouldn't be shocked if AMEX:SOXL enters the low $20's to test the base of my historical simple moving average area, but I don't think we are done hearing about AI and the semi demand. There are large gaps to fill above and below the current price and we are at the 50/50 stage (i.e. historical simple moving average zone) for a price move up or down.
My bet is up, especially with the new presidential administration. If politicians start dumping semis, I'm out. Thus, at $30.00 AMEX:SOXL is in a personal buy zone.
Target #1 = $35
Target #2 = $40
Target #3 = $50
Target #4 = $60
$SOXL: OUTLOOKAMEX:SOXL : OUTLOOK
Hoping BULLS continue the rally! 📈
Target is at the trendline!
👉 LIKE & FOLLOW for more updates!
$SOXL: OUTLOOK AMEX:SOXL : OUTLOOK
Watching for a 1-HOUR candle close ABOVE $27.02 to ENTER 📊
Targeting $29.24 price level!
👉 LIKE & FOLLOW for more updates!
$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
SOXL WEEK OF 11/18/24SOXL WEEK OF 11/18/24
To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level.
Be prepared to initiate long or short positions targeting the YELLOW ranges. While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
SOXL Still in uptrendAlmost finished wave No.4 and then it’s going to start last No.5 soon.
After that If break 105 then furthermore going to 132
This is first and last analysis for soxl.
Good Luck.
The stock market is highly volatile. Please be very careful with your investments.
SOXL WEEK 11/11/24SOXL WEEK 11/11/24
Trying to keep this as simple as possible.
Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges.
Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡.
*LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
SOXL to $60Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
Upside Target $60
Semiconductor Stocks Have Already Crashed !If you are looking for reasons why big money investors are
selling the US stock market in September, a closer look
at the Semiconductor ETF SOXL,
shows that stocks in the Philadelphia Semiconductor Index have already crashed !
From a high of $70 in April 2024, this ETF was priced and trading at 25.96 on Friday.
Big trouble now lies ahead if this ETF takes out its recent $23 Low.
Traders looking to short Semiconductor Stocks,on a crash
should use SOXS,.. which has already risen 50 % this summer alone.
SOXL 25.96 Close 9/6/24
THE_UNWIND
WOODS OF CONNECTICUT
Semiconductor ETF SOXL Diamond Formation. Target Indicated.SOXL Diamond Pattern Formation. This analysis is for informational purposes only.
$SOXL Value Reclaim, year anchored VWAP testAMEX:SOXL quickly reclaimed value last week along with many of the other tech sectors and stocks. NQ cleared VWAP and upper value with no problem, we'll see if AMEX:SOXL can do the same this week. If we reject at yearly VWAP, I expect a return to lower value. If we clear, we can expect to go to upper value.
SOXL and my thoughts on the market right nowHello traders, fellow d3gens and investors. What will happen now in the markets is that crypto will die, fed will cut rates, creates buying power = good for growth stocks, i really like fngu etf and soxl, will prob swing soxl til 72 or something.
SOXLActivated some SOXL calls for September
Loving the first quarter retest and reclaim of yearly open
Likely reverts higher towards $40 imo, confluent with d1 200ema, yearly vPOC, etc
If starts closing below today's lows I'll exit and look to buy first quarter
8/1/24 - $soxl - for degens only rn- a lil atypical play for me
- degens only
- many of u have pinged me on AMEX:SOXL in the past. today is WHY i've been buying NASDAQ:NVDA , NYSE:TSM , NASDAQ:ASML , and a few others. i've notably kept away from many including the biggest POS NASDAQ:ARM which we can partially thank for today's move
- so let's consider some lemonade with a dash of black powder
- AMEX:SOXL down 21% rn to $35.
- does it reverse? idk
- should it? idk probably, v technical here dragging mkt
- if does reverse... will be today
- so you play some IV boost and clear the trade or half of it into close
I've bot some 8/2 GETTEX:37C 's for 80c.
let's see. gl fam.
V
SOXL LEVELS FOR WEEK OF 7/29/24 Trying to keep this as simple as possible.
Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the green ranges.
Price may exceed green range targets, but it’s at least a strong help to make profit.
SOXL Chart Fibonacci Analysis 071824Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 50.2/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the Support
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Short term 2 week SOXL putSentiment is overdone here. On a retest of the 21 EMA on the 30 minute chart looking to buy Jul 5 $59 puts.
The Long Case for SemiconductorsThe long thesis for SOXL, Semiconductor 3x Long.
With Crypto, AI, Automation etc we will soon come to view Semiconductors as a fuel for computational power. Just like we need gas for cars and electricity for all the rest the next phase of the economy is running off of Computational Power at a mass global scale.
The internet was the mass explosion of collective knowledge onto the world. This next phase will be the democratization of computational power to go with that knowledge.
As things are the semiconductor industry is well insulated through its extreme specialization.
Governments will move to increase their own semiconductor production but this is 5-10years out and will most likely end up contracting/subsidizing Established semiconductor manufacturers.
This all points Up for Semiconductors.
SOXL Gap Up Potential.Gap Ups can occur past a range that experienced previous consolidation in attempt to continue to challenge the next price zone.
SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square.
The Linear Regression + RSI indicator had a potential bottom signal without confirmation of the William Vix indicator that is showing toping potential. This can sometimes indicate a break through of a current "top".
SOXL and the sentiment cycleAMEX:SOXL setting up for a beautiful run ahead of NVDA earnings. Note the structure similar to Justin Mamis sentiment cycle.
