iShares Semiconductor ETFUpdated SOXX - ASCENDING TRIANGLE
SOXX ETF has been forming a nice ascending triangle since January. Using the Edwards and Magee 3% entry rule we have an entry at $227.48 a measured price target of $279.89 and an entry stop at $204.06 giving us a R/R of +52.41
Note
entry at 227.48 and currently still long. A considerable pullback last week in the overall market tested patience with a lot of people but we quickly resumed the uptrend.Note
still on pace for the 279.26 target.
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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.