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SOXL trade ideas

SOXL Bear call at 27 strikeSymbol SOXL Open Date 11/14/2023 Put or Call Call Expiry Date 12/29/2023 Short Strike 27 Long Strike 29 Price to Open 0.25 Min Width Multiple 3 Risk Ratio 7.00 Return on Risk 14.3% Opening DTE 45 1 Day ROI% 0.32% Max Annual ROI % 115.9% SOXL hitting +1 sig on the declining model. The thought is that the previous seller at +1 sig returns with some capital and stalls enough time. The +2 sig is up in front of 25, so I'm back at 27 on the short strike Yellow box. Went a little wider on this one so there's more dance floor to move around if things go offsides. The QQQ and SPY are big gap up today and screaming higher toward my Bear Calls. Nothing says rally like the promise of massive money printing. As soon as I sold 0.25 on limit after having 0.26 for 15 mins unfilled, the very next trade was .27. Yay!! for Shit fills.
AMEX:SOXL
by claypuzzle
SOXL Stock Chart Fibonacci Analysis 092523 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 17.4/61.80% 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 bottom 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.
AMEX:SOXL
by fibonacci6180
SOXL Stock Chart Fibonacci Analysis 080323 Trading idea - EntryTrading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 25.1/61.80% 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 : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom 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.
AMEX:SOXL
by fibonacci6180
SOXL Stock Chart Fibonacci Analysis 070823 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 23.3/61.80% 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 : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom 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.
AMEX:SOXL
by fibonacci6180
SOXL pullback is ready to buy longSOXL the 3X leveraged ETF of semiconductor stocks has gained 145% for the first half of the year. As shown on a 2H chart, the price has pulled back but the overall trend of HH and HL is intact within an ascending parallel channel. Price previously touched the lower trendline on May 24th while it touched the upper trendline May 30th and then again June 15th. Between May 31st and June 7th it did a Fibonacci retracement. Price is presently reversing at the lower trendline and is above the Ichimoku cloud a sign of bullish predominance. Price is above the mean VWAP anchored to the low of May 24th another bullish sign. The RSI indicator showing Ichimoku features has an RSI above 50 and above the cloud affirming a bullish bias. I believe that this is setup for a long trade with about 12-15% upside in two weeks or less for a much smaller risk. A call option trade could also be entertained if a setup with a good delta low spread and high volume / liquidity can be found.
AMEX:SOXLLong
by AwesomeAvani
SOXL - Rising Trend Channel [MID TERM]🔹Breakout the rising trend up in the medium long term. 🔹Achieves target at 25.20 after breaking rectangle formation. 🔹Support at 22 and resistance at 46. 🔹Technically positive for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
AMEX:SOXLLong
by wavepoint99
3
19/06/2023 Weekly Idea SOXL/WOODWeekly idea of this week is to long SOXL, short WOOD. With Apple's announcement of vision pro in early June, I expect a rise in demand of semiconductors in the supply chain (and also in upstream industries such as metal mining/battery making). WOOD is least correlated to the upstream industries while also reported being shrinking in the latest ISM report. Price spread is currently 0.34. We would stop loss at 10% (ie 0.31) and looking for soft 30% profit target at 0.447 (which was in Mar 2022).
AMEX:SOXL
by BigTimmy3000
1
Short Semiconductors by Trading SOXS LongThis chart shows the long-term ratio between SOXL/SOXS. The intent is to detect reversals between semi-conductors long and short. At the pivot high, the price of SOXL compared with SOXS is at its highest. With a retreat from the pivot high, the price of SOXL is retreating while SOXS is rising. Historically in 2022 as shown on the chart, pivots were with a ratio of 1,25 to 2,35 while the low pivots were with a ratio of 0.2 to 0.6. At present SOXL has run up and over-extended as part of the AI breakout phenomenon. The ratio of 1.8 is in the reversal zone where SOXL price is dropping while SOXS price begins a significant rise. At present, the mass index is above 27 and awaiting a drop below 26.5. The second indicator rate of change (ROC) detects spikes in the SOXL /SOXS ratio presumptive for a pivot. The last time SOXS ran up over a long term ( with SOXL turning down) was August to October when price increased from $33 to $88 representing a 266% rise. I see this as a prior supertrend that could now be repeated again. In conclusion, this idea leads me to take a swing long position is SOXS which I expect to trend up over a period of a couple of months or more.
AMEX:SOXLLong
by AwesomeAvani
4
SOXLI hope you caught my idea earlier this month, in which I explain how April chop beneath mid of the 6-23 range likely deviation before sned. Now that we're here: If above 19 it's sending 23, which is first quarter of the whole move. Has plenty of gap incentive for higher between first quarter and 50% retracement (40) as well. If we do get the pullback to 17s you know what to do, but I believe it's going to be an exciting month of June. If above 23 it's sending 40, so long as stays above 23.
AMEX:SOXLLong
by jhonnybrah
1
Mar/2023 Plan for $SOXLGT ($8.77) - VTN ($12.5) - Fibo ($12.45) Plan A: Sell put option one month expire to earn premium at $12.5. Goal to earn 4% monthly premium from collaterals money. Plan B: I am willing to hold SOXL long-term at $12.00/share if I need to exercise my Plan A sell put option. Plan C: I will sell cover call option for Plan B to earn 4-5% monthly premium income from the stock value and dividend income. Plan D: Only sell my SOXL at $19.00 for 55% capital gain from $12.00. Or I will continue to do Plan C to earn 4-5% monthly premium income from the stock value and dividend income.
AMEX:SOXL
by yeatristan
1
SOXL - Rising Trend Channel [MID TERM]- SOXL is moving within a rectangle formation between support at 12.99 and resistance at 18.59. - A decisive break through one of these levels indicates the new direction for the stock. - SOXL is between support at 13.70 and resistance at 18.00. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
AMEX:SOXLLong
by wavepoint99
2