Get started
Direxion Daily Semiconductor Bull 3x SharesDirexion Daily Semiconductor Bull 3x SharesDirexion Daily Semiconductor Bull 3x Shares

Direxion Daily Semiconductor Bull 3x Shares

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

SOXL trade ideas

Semiconductors further to fall ?Bring back technical analysis . Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me something. I don't care if we're on the same side of the trade, or on opposite sides, but at least justify your position? If you don't have anything to add to the conversation, don't detract from everyone else's by humming. #BringBackTechnicalAnalysis Chart self explanatory: Wedges tend to retrace until their beginning which conveniently rests at the 23% fib zone. Elliot wave would have it that we should see some ABC retracement pattern and I believe that these points can best be predicted through the different fibonacci levels and consolidation zones along SOXL's price history. Conclusion: Short term - Bear Medium term - Neutral Long term - Neutral
AMEX:SOXLShort
by RHTrading
$SOXL Irrational Exuberance SOXL is overbought on all time frames. Bearish Case: Coming to the end of the Long term, Medium term, and Short term elliot waves that I've drawn. (We may see a 9 wave on the short term instead of the traditional 5 waves). At 227.6% Fib Resistance level. Created a new unsustainable uptrend recently. RSI divergence Touching the top of new uptrend channel. RSI has only reached 82 on the weekly 2 other instances, with a maximum of 84. The video I have here outlines each of these situations www.youtube.com Conclusion: Short term bearish Medium term Neutral Long term Bullish
AMEX:SOXLShort
by RHTrading
Semiconductors quick analysis on LETFI don't like doing TA on leveraged ETFs generally, but you can get a good idea of what's going on. Using SMH for semis would be better, if I were using fib ratios I'd definitely use an unleveraged product for charting. Chart text repeated here: potential reversal area, might be able to squeeze another 7% out of the current rally, would wait to go long on a 100/200DMA break. Also could be a nice SOXS short if we break down out of the reversal area.
AMEX:SOXL
by MindsForge