SOXL to $60Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
Upside Target $60
SOXL trade ideas
Semiconductor Stocks Have Already Crashed !If you are looking for reasons why big money investors are
selling the US stock market in September, a closer look
at the Semiconductor ETF SOXL,
shows that stocks in the Philadelphia Semiconductor Index have already crashed !
From a high of $70 in April 2024, this ETF was priced and trading at 25.96 on Friday.
Big trouble now lies ahead if this ETF takes out its recent $23 Low.
Traders looking to short Semiconductor Stocks,on a crash
should use SOXS,.. which has already risen 50 % this summer alone.
SOXL 25.96 Close 9/6/24
THE_UNWIND
WOODS OF CONNECTICUT
Semiconductor ETF SOXL Diamond Formation. Target Indicated.SOXL Diamond Pattern Formation. This analysis is for informational purposes only.
$SOXL Value Reclaim, year anchored VWAP testAMEX:SOXL quickly reclaimed value last week along with many of the other tech sectors and stocks. NQ cleared VWAP and upper value with no problem, we'll see if AMEX:SOXL can do the same this week. If we reject at yearly VWAP, I expect a return to lower value. If we clear, we can expect to go to upper value.
SOXL and my thoughts on the market right nowHello traders, fellow d3gens and investors. What will happen now in the markets is that crypto will die, fed will cut rates, creates buying power = good for growth stocks, i really like fngu etf and soxl, will prob swing soxl til 72 or something.
SOXLActivated some SOXL calls for September
Loving the first quarter retest and reclaim of yearly open
Likely reverts higher towards $40 imo, confluent with d1 200ema, yearly vPOC, etc
If starts closing below today's lows I'll exit and look to buy first quarter
8/1/24 - $soxl - for degens only rn- a lil atypical play for me
- degens only
- many of u have pinged me on AMEX:SOXL in the past. today is WHY i've been buying NASDAQ:NVDA , NYSE:TSM , NASDAQ:ASML , and a few others. i've notably kept away from many including the biggest POS NASDAQ:ARM which we can partially thank for today's move
- so let's consider some lemonade with a dash of black powder
- AMEX:SOXL down 21% rn to $35.
- does it reverse? idk
- should it? idk probably, v technical here dragging mkt
- if does reverse... will be today
- so you play some IV boost and clear the trade or half of it into close
I've bot some 8/2 GETTEX:37C 's for 80c.
let's see. gl fam.
V
SOXL LEVELS FOR WEEK OF 7/29/24 Trying to keep this as simple as possible.
Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the green ranges.
Price may exceed green range targets, but it’s at least a strong help to make profit.
SOXL Chart Fibonacci Analysis 071824Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 50.2/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the Support
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Short term 2 week SOXL putSentiment is overdone here. On a retest of the 21 EMA on the 30 minute chart looking to buy Jul 5 $59 puts.
The Long Case for SemiconductorsThe long thesis for SOXL, Semiconductor 3x Long.
With Crypto, AI, Automation etc we will soon come to view Semiconductors as a fuel for computational power. Just like we need gas for cars and electricity for all the rest the next phase of the economy is running off of Computational Power at a mass global scale.
The internet was the mass explosion of collective knowledge onto the world. This next phase will be the democratization of computational power to go with that knowledge.
As things are the semiconductor industry is well insulated through its extreme specialization.
Governments will move to increase their own semiconductor production but this is 5-10years out and will most likely end up contracting/subsidizing Established semiconductor manufacturers.
This all points Up for Semiconductors.
SOXL Gap Up Potential.Gap Ups can occur past a range that experienced previous consolidation in attempt to continue to challenge the next price zone.
SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square.
The Linear Regression + RSI indicator had a potential bottom signal without confirmation of the William Vix indicator that is showing toping potential. This can sometimes indicate a break through of a current "top".
SOXL and the sentiment cycleAMEX:SOXL setting up for a beautiful run ahead of NVDA earnings. Note the structure similar to Justin Mamis sentiment cycle.
expanding range semiconductor market structurethe range has expanded wildly, and it looks like there is money to be made in a squeeze in semiconductors. ai stocks and tech stocks are high risk and prone to wild swings. i think the downswing has ended mostly considering these levels outlined in the value gap and smart money areas on the chart. im attempting to swing this long as the levels converge.
SOXL: Tactical approach to scale in and outStudying recent price action in SOXL (3X ETF on SMH - semiconductor segment). Example of an uptrend that ended (as defined by 34EMA wave), and then a retracement from 200MA back up to the 34. In this scenario, be cautious about buying into the bounce as it can often drop back down after reaching the 34 again from the bottom. Past support becomes current resistance.
Capture gains tactically but exiting a portion of the position once reaching that potential resistance, and again if the breakdown does occur. Determination of what is considered a breakdown, and how much to reduce is suggested as 2 candles showing downtrend, and 50% reduction.
SOXL Next Best Trade (Bullish Potential)Weekly FVG Close at 41. Daily Close at 38. Waiting for reversal pattern.
SOXL LONG ENTRY setup soxl is goooooood pull back now.
it;s time to buy like no tomorrow!!
but still posssible down to $25
my bull entry with no stop loss...
^^
Wild Ride for SemiconductorsThis has been a huge drawdown for semiconductor bulls, but this relief rally should leave us above the open of that last daily candle at some point this week. ive marked that level out. the neural net and convolution strat says its rebounding looking for a place above these candlestick pattern levels to weekly sell again.
SEMI should be bouncing soon.As shown in the chart.
SOXL is still a higher low along on the trendline, seeking a bounce tomorrow.
I would take loss if SOXL dropped below 38.95. Otherwise, it should be ABC wave up to 53.
SOXL 50 EMA BounceSOXL is tightening down in a wedge and bounced perfectly off the 50 EMA after being down over 6% on the day. Looking for continued strength into the close. Chart looking very similar to what we saw at the end of January and early February.
How to trade SOXLAMEX:SOXL now at 39.57
Falling from 57.04
Good price to buy few now
FYI, i started accumulating few from today
Will again but on good dips until 31
Target prices in 1 year.....47, 57, 63.15, 67, 70, 73.07
Support is now at 39.18, below this can quickly fall to 31 , giving a good opportunity to buy and hold for 1 year target of 73.
The reduction target is 11-12$According to the butterfly pattern, a decline is looming with a target of $ 11-12, where there will be an excellent point for further overshooting.
