SOXL Pennant Swing Trade Bull
SOXL has been forming a pretty well-defined Pennant and underlying fundamentals in the ETF are strong with a good tail wind.
Prediction:
- No bad world news, especially NK. (Manufacturing base in Seoul and throughout Japan). We break the upper band; $97 target.
- Bad world news, good buy in point >$90 as we bounce off the lower band, break upper band if the news is not continuously reported.
Prediction:
- No bad world news, especially NK. (Manufacturing base in Seoul and throughout Japan). We break the upper band; $97 target.
- Bad world news, good buy in point >$90 as we bounce off the lower band, break upper band if the news is not continuously reported.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.