SOXL - Failing Trend [MIDTERM]
Updated
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.
Note
SOXL - Falling Trend Breaking Upwards [SHORTTERM]- SOXL has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate.
- SOXL has broken up through resistance at 15.70.
- This predicts a further rise.
- The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well.
- SOXL is overall assessed as technically positive for the short term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut loss, TF: Time Frame, RST: Resistance, LT TP: Long term target price
Verify it first and believe later.
WavePoint ❤️
The most profitable U.S. Stock VIP Signals in Telegram Channel. #WavePoint 🌊
For more info:
Threads: threads.net/@wavepoint99
Telegram: t.me/Wel_99
TradingView: bit.ly/43y7zC6
Twitter: twitter.com/wavepoint99
For more info:
Threads: threads.net/@wavepoint99
Telegram: t.me/Wel_99
TradingView: bit.ly/43y7zC6
Twitter: twitter.com/wavepoint99
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.