$SOXL something is cooking...$soxl Our next target is at 16.53, which is still 8.5% away from the current price. Breaking below 14.53 would be a weak support level.
SOXL trade ideas
SOXL to Big Lows 15 Min CandlesThere is a chance that SOXL might end up filling the gap January 23.
We are currently at the end of the Elliot wave theory so if that proves to be true we should continue to see a very steep decline.
With various reports coming out the only thing I think that would keep it up is good economic reports.
I think you will see SOXL come down to roughly $12.90 where it will test support at around $13.
Bear Penant Breaking OutBearish penant formed on the 1HR for AMEX:SOXL . Looks like a break out after hours and should confirm when Open.
RSI divergence is also present in recent hours.
Measured flag pole downwards tags the macro trend/flag that's formed on the daily.
SOXL Stock Chart Fibonacci Analysis 022523Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 13.6/61.80%
what happens if we stay near the bottom of this range?quite simply its very bearish. if semiconductors dont immediately rally over this pivot they wont come back this week. if they dont come back this week the whole market is headed down for now.
SOXL Stock Chart Fibonacci Analysis 022223Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 13.8/61.80%
SOXL Stock Chart Fibonacci Analysis 021823Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 15.6/61.80%
SOXL break out!Been a while, but finally SOXL has broken out and IF this week keeps up or at least keeps where it is currently, it appears to be a clear breakout on the weekly chart.
Clearly, MACD and VolDiv are aligned for a bullish run.
Heads up!
Revisit again soon...
SOXL 3X bulll on Chips...Nice return should come in if Chips hitI like this SOXL 3x bull, looks like an easy double the money is about to come in.
I need to community credit you all like and comment on my shit!
$SOXL Bullish Shark / IH&SReal nice pop on our SOXL long entry today. Engulfing above local highs and 2019 resistance. Should be a smooth ride up to the test the precovid highs, but if the market continues to rise, the 382 would be a target beyond that at around 32.
SOXL Watching for Bounce at Resistance On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break,
the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance
for a swing trade short to the downside targeting the point of control line ( dark green ) inside the green support zone as the final
target with the anchored VWAP ( black line now at 9.25 with the first target being the VWAP ( black line ) and the second target
one standard deviation below VWAP ( light green line ); Overall taking off one-third of the position at each target and
expecting 30% overall over about two weeks. An alternative is put options with 4 weeks expiration at $14.00 and another
is to take a long trade on the inverse ETF SOXS.
SOXL and Semsis should fly longtermFake breakdown of a trendline from 2012, largest capitulation volume selling in Oct. Everything just looks extremely bullish for semis longterm to me.
semiconductors slipping above marketrainbow, slope and range adaptive averages show we are coming off top of range and headed for a retest of slow moving average. this lays out the targets, and im hoping to stay on top of that region.
rising wedge semiconductor longshort semiconductors are on the verge of breaking down, and basically if we stay over 12.20 soxl im aiming for daily gap close, or near 12.86 . if we break this ascending tightening range to the downside and more or less double top 4hr resisting from top of envelope, around 12.30s or lower, im looking toward 15 minutes demand zone in low 11s maybe 11.30. short squeeze in semiconductors, or failed bull breakout. even if longs win, im selling rallies on the daily by buying soxs on dips to weekly lows, or new weekly lows (keeping in mind the s&p can still resist from 4000 or slightly higher/nvda can sell off $160, 162.5, 165).
4 hourly charts4 hourly charts 4 hourly charts 4 hourly charts 4 hourly charts 4 hourly charts 4 hourly charts
short term bullishness in semiconductors lower lowthis bounce in tech is kicking off the morning, but its not rocketing to new highs, and in this macro environment im not changing from bear bias totale. i will consider 4hr longs taking profit into pivot or upper smart money concepts profile area resistance. remember to reenter short on bear momo.
SOXL | Semiconductor Bull 3x ETF | LongThe fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.
long SOXL 11.90Look daily stoch heading down we can pull back some
know look at the weekly stoch heading up so any sell off will be small
$SOXL looking good. can we see 0.6 fib SOXL was supported by a support line with rising lows and started an uptrend.
semiconductors daily bounce or continued downsidewe are at the low end of top anchored vwap. if we get over this pivot and support meaningfully we could see a test of sss moving average or signal around upper horizontal and gap close. if we remain beneath and resist with sss signal and qqe staying red id look for that lower horizontal.
Not the buy point yet!!!First off, please note that this is not a good investment instrument. The leverage, and management fee, and volatility are just not for value investment. You need to buy it at the absolute low to profit. Anyone to buy this EFT need to be very cautious.
Secondly, using an options strategy may help, but the liquidity is a big concern. You pretty much see a loss at the moment you execute an order.
Well, after the BAD news from AMD, we will probably see more downside in the semiconductor sector. Will it dip and lower than the 2020 March low? Maybe. Although I do hold some hope that that case won't happen but who knows?
My best bet is that the low will be somewhere between $4.5 and $5 if you are looking for a long-term holding of this EFT.
For short-term, it will do it usually thing jump up-and-down between $8 and $12.
So here is my strategy
Buy 01/17/2025 $9 PUT & Sell 10/21/2022 $8 PUT (Diagonal Put Spread)
Buy 100 Shares @ $9.2 & Sell 10/21/2022 $11C Call (Covered Call)
Buy 10/21/2022 $10/$12 Debit Call Spread.
For the total price $920 (stock) + $350 (option contracts) = $2190
Expect profit/loss is somewhere between -$100 (if -15%) and $350(if +30%). The loss may be reduced with the "Roll" strategy, i.e. the short PUT needs to be rolled lower and later if the stock price hit $8.0. This strategy reduces the risk and maintains the profitability. I hope you will like it.
