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DIREXION SHARES ETF TRUST

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SOXL trade ideas

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
soxl - 12-02-2021Pull back to 51.58 by Omega Income Solutions Although the material contained in this website was prepared based on information from public and private sources that Omega Income Solutions believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and Omega Income Solutions expressly disclaims any liability for the accuracy and completeness of information contained in this website. This website is distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date hereof and may be subject to change at any time without prior notice. Omega Income Solutions does not have any obligation to provide revised opinions in the event of changed circumstances. All investment strategies and investments involve risk of loss. Nothing contained in this website should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. Any ideas or strategies discussed herein should not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial objectives, needs and risk tolerance. Omega Income Solutions expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein. The information contained herein is not, and shall not constitute an offer to sell, a solicitation of an offer to buy or an offer to purchase any securities, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service.
AMEX:SOXL
by OmegaIncome
SOXL At a crossroadAlmost at the top of consolidation. What happens next could very well influence not just the chip sector but The QQQ index too Noticable Names inside this ETF INTC AVGO NVIDIA AMD TSM Qcom I wouldnt be convinced with a breakout unless we get over previous highs around 48$ 2 reasons im not convinced of a breakout coming this week 1. The volume! we are carrying 40% less volume than we were back in the spring when chip shortage news started widely circulating. 2. Most of the biggest weighted chip makers have already had their earnings and with it i dont expect any new highs from NVDA, INTC or Qcom.
AMEX:SOXL
by ContraryTrader
3
$SOXL - semiconductors Bull 3x gonna explode soon $SOXL #SOXLAs we expect the boom in the sector in the upcoming years related to the worldwide shortage of semiconductors I thought it could be a good idea to buy this ETF instead of specific stocks. This way I can track what's going on in the industry and stay with the position without the need to rebalance all the time. Keep in mind: 1) NVDA (which is 7% of ETF) will have a split in June (typically bullish) 2) AMAT, LRCX - other strong companies of the sector are on the edge of a breakout 3) Technicals are strong, above all SMAs except 20 (this gonna happen soon as well) 4) Crazy runners like LEDS also related to semiconductors
AMEX:SOXLLong
by trickykid