Short SOXL CMP $59.74. Broke out from channel early Nov 2021. Recent price action broke price below 50 SMA with volume. Heading towards $55 area now which was recently tested. If downtrend continues then $55 may not be hold for long and will finally see $48 which happens to be 200 SMA price level as well.
Trade active
Target 1 achievedTrade closed: target reached
Both the targets achieved
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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.