Update on OXY and SOXL
Two earlier propositions OXY and SOXL identified were taken, as shared.
The exuberance of the week prompted a close of the trade really quickly, particularly for SOXL.
OXY just ran out of steam the moment it reached the resistance, so not yet to break out.
White arrows denote the entry and exit points. You really need to see the intraday charts, 30 mins or 1 hour so view a clearer picture of why the trade close was prompted.
In the longer mid-term, these two still appear to hold good opportunities, and will be under close watch, and waiting for a retracement to turn around.
The exuberance of the week prompted a close of the trade really quickly, particularly for SOXL.
OXY just ran out of steam the moment it reached the resistance, so not yet to break out.
White arrows denote the entry and exit points. You really need to see the intraday charts, 30 mins or 1 hour so view a clearer picture of why the trade close was prompted.
In the longer mid-term, these two still appear to hold good opportunities, and will be under close watch, and waiting for a retracement to turn around.
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