SOXL trade ideas
SOXL Long Swing TradeBUY signal for SOXL all day last Friday, with a nice dip intraday to provide a buying opportunity.
SELL on first red heiken ashi candle.
TP1 is about 6% or $720, where I'll take of 25% of the position if that is hit.
TP2 @ 8%/$733 (25% of position)
TP3 @10%/$747 (25% of position)
Strategy Statistics from backtest since SOXL conception (no take profits)
Win%: 56%
Avg Win: 7.3%
Avg Loss: 4.65%
R:R: 1.58
SOXL - possibly a bit more to pullback Entry 595-602Key support level right around 600 and .618 FIB looks to be a likely bounce point.
SOXL and USD have been key holdings that have done very well for me, and can be good as buy and hold, or sell on dip, but at the bottom on regular 10-20% pullbacks.
SMH is better for the feint of heart that don't like the swings.
Semiconductor demand is through the roof. Everything the semiconductor companies can produce is sold before it's built. To the Moon!
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
SOXL Possible long feb 16thLooks intraday invites to Long position, no divergences on RSI, good volume and momentum last week, also Shortage in supply could get prices increase
SOXL Good entryThis is one of my favorites looks like could be a good entry
Este es uno de mis favoritos, puede que sea muy buena entrada
Long SOXL. Targeting upper trend line to $220Long SOXL. Targeting .618 upper trend line fib replacement
SOXL Semiconductors are way overbought!!The higher this goes the harder it will fall. Looking soooo ready for a pullback!!! The RSI on this baby is at a level that seems to precede a big drop. I just want to know when it's going to happen. Any hints anyone? Cracks appearing this week?? Late December???
weekly 9 and daily 9 on a very strong industrySemiconductors have been killing it and they deserve it. The crisis has accelerated online, cloud and AI businesses which require a ton of processing power. I am quite confident semis will have a very big year ahead. Although this is a good point to take some little profits. I hold $AMD and $TSM personally and I AIN"T SELLING!
My fans have asked and I am responding: semiconductors at limitSomeone asked me about semi-conductors recently because they had (apparently) gone exponential. Well, not quite. I think in response to the election news the past few sessions had been good but going back you can see that its been trading in a fairly predictable range. I can't comfortably call this exponential until it breaks above the overhead resistance and we all know what needs (*ahem) for that to happen (and given the recounts necessary in Georgia and Wisconsin, although Biden will be declared victor the markets will not like the lack of finality and the inevitable road blocks that will be put up by Trump). The other interesting thing is that SOXL is in a very wide long ascending triangle which more often than not tends to break down. More adventurous people could put a small short play into place.
direxion heiken ashi system 200% compounded simple trading 1 yrthis is for education purposes not a recommendation
always consult your financial advisor
you are respinsible for any decisions you make
Semiconductors Be AwareAnother ascending wedge has appeared. We are currently awaiting a small pull back before a final push up but this does not look like its getting to $200 like previously thought. Bearish headwinds are appearing and larger more long-term ascending wedges are appearing in the market.
Semiconductors at overhead resistanceThis was one of my more prodigious predictions - a declining wedge inside a consolidating triangle. It has jumped today to the upper limit of the consolidating pattern, but where to now? The limits and lines have stayed consistent so crosing and closing above or below them should tell you which way the trade is headed.
SOXL Sell the Bear Market RallyNotice my custom MACD line crossing below both of its signal lines. Before, when It crossed above them, the price went up and there was a normal MACD cross there shortly after. I think now the price will go down to retest the lows of March, and possibly even go lower.
