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DIREXION SHARES ETF TRUST

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SOXL trade ideas

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
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.
AMEX:SOXLLong
by gabcab18
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%
AMEX:SOXL
by UnknownUnicorn2421992
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.
AMEX:SOXLShort
by kimms
1