SOXL Stock Chart Fibonacci Analysis 041123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 17/61.80%
SOXL trade ideas
SOXLLocally, at least since last April, SOXL has been confined to a trading range as defined herein by yellow horizontal lines, which is the range from 23 highs to 6 lows, thereby having mid at 14.5. So long as above 14.5, I reckon that SOXL will make its way to the range highs (23). On a longer time horizon, it seems likely to reclaim 23 as support and resume trading within its larger range, which is from its 73 highs to 6 lows and has mid at 39.5. So 23 next, and then reclaim 23 for 39.
SOXL Stock Chart Fibonacci Analysis 0322231) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 17/61.80%
Megaphone Bottom | 20% move possibleDirexion Daily Semiconductor Bull 3X Shares forms bullish "Megaphone Bottom" chart pattern
"Megaphone Bottom" chart pattern formed on Direxion Daily Semiconductor Bull 3X Shares (SOXL:NYSE). This bullish signal indicates that the stock price may rise from the close of $16.61 to the range of $19.60 - $20.30. The pattern formed over 16 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend.
With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move.
SOXL - Failing Trend [MIDTERM]SOXL has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. SOXL has received a positive signal from the moving average indicator, thus signaling a continued rise. The stock is approaching support at 14, which may give a positive reaction. However, a break downwards through 14 will be a negative signal. SOXL is overall assessed as technically neutral for the medium long term.
$SOXL something is cooking...$soxl Our next target is at 16.53, which is still 8.5% away from the current price. Breaking below 14.53 would be a weak support level.
SOXL to Big Lows 15 Min CandlesThere is a chance that SOXL might end up filling the gap January 23.
We are currently at the end of the Elliot wave theory so if that proves to be true we should continue to see a very steep decline.
With various reports coming out the only thing I think that would keep it up is good economic reports.
I think you will see SOXL come down to roughly $12.90 where it will test support at around $13.
Bear Penant Breaking OutBearish penant formed on the 1HR for AMEX:SOXL . Looks like a break out after hours and should confirm when Open.
RSI divergence is also present in recent hours.
Measured flag pole downwards tags the macro trend/flag that's formed on the daily.
SOXL Stock Chart Fibonacci Analysis 022523Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 13.6/61.80%
what happens if we stay near the bottom of this range?quite simply its very bearish. if semiconductors dont immediately rally over this pivot they wont come back this week. if they dont come back this week the whole market is headed down for now.
SOXL Stock Chart Fibonacci Analysis 022223Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 13.8/61.80%
SOXL Stock Chart Fibonacci Analysis 021823Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 15.6/61.80%
SOXL break out!Been a while, but finally SOXL has broken out and IF this week keeps up or at least keeps where it is currently, it appears to be a clear breakout on the weekly chart.
Clearly, MACD and VolDiv are aligned for a bullish run.
Heads up!
Revisit again soon...
SOXL 3X bulll on Chips...Nice return should come in if Chips hitI like this SOXL 3x bull, looks like an easy double the money is about to come in.
I need to community credit you all like and comment on my shit!
$SOXL Bullish Shark / IH&SReal nice pop on our SOXL long entry today. Engulfing above local highs and 2019 resistance. Should be a smooth ride up to the test the precovid highs, but if the market continues to rise, the 382 would be a target beyond that at around 32.
SOXL Watching for Bounce at Resistance On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break,
the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance
for a swing trade short to the downside targeting the point of control line ( dark green ) inside the green support zone as the final
target with the anchored VWAP ( black line now at 9.25 with the first target being the VWAP ( black line ) and the second target
one standard deviation below VWAP ( light green line ); Overall taking off one-third of the position at each target and
expecting 30% overall over about two weeks. An alternative is put options with 4 weeks expiration at $14.00 and another
is to take a long trade on the inverse ETF SOXS.
SOXL and Semsis should fly longtermFake breakdown of a trendline from 2012, largest capitulation volume selling in Oct. Everything just looks extremely bullish for semis longterm to me.
semiconductors slipping above marketrainbow, slope and range adaptive averages show we are coming off top of range and headed for a retest of slow moving average. this lays out the targets, and im hoping to stay on top of that region.
rising wedge semiconductor longshort semiconductors are on the verge of breaking down, and basically if we stay over 12.20 soxl im aiming for daily gap close, or near 12.86 . if we break this ascending tightening range to the downside and more or less double top 4hr resisting from top of envelope, around 12.30s or lower, im looking toward 15 minutes demand zone in low 11s maybe 11.30. short squeeze in semiconductors, or failed bull breakout. even if longs win, im selling rallies on the daily by buying soxs on dips to weekly lows, or new weekly lows (keeping in mind the s&p can still resist from 4000 or slightly higher/nvda can sell off $160, 162.5, 165).
