SOXS bullishBullish Signals:
RSI Buy Signal
Stochastics Buy Signal
MACD Buy signal and Bullish Divergence
Also when using Fib the 61.8% lines up pretty good with the previous peak.
Lastly there has been increasing volume
SOXS trade ideas
Freed from under the wedge?Could the tip of this descending wedge (the mirror of what is currently showing in the S&P with its rising wedge also about to terminate) be like a balloon that was being kept forced down underwater suddenly being set free with nothing above to keep it down until it hits the surface up above, wherever that may be?
Or will Trump or the Fed somehow pop that balloon?
Lets wait to see what starts to happen at the edge of the wedge... something's gotta give one way or the other.
See this as a related idea:
SOXS - possible break out.Semi-sector is under pressure
Break up above and close above neckline is very bullish .
Crazy how that works huh?Price tested out of reversal pennant and skyrocketed, then backtested and bounced again. Out and waiting to get in on the next backrest... if there is one
Bullish Engulfing Bullish Engulfing Long Idea
all the big index are at resistance. I think it is time for the roll over.
$SOXS Needs to break above top trend line for a popWill be watching this in the near future, price has dropped by a considerable amount, will be interesting to see if it pops.
Chip company earning season begins Jan. 2019Trump vs. China trade war + China's economy slowing + USA gov shutdown + High global debt + Falling demand for crypto mining rigs = This EFT may become VERY volatile....
Are chip company earnings a leading or lagging economic indicator?
GOLDEN CROSS in the Short Derivitives!This Semiconductor Short ETF just had a Golden Cross! Long Opportunity? This also tells you where the tech stocks are likely to go!
BUY ! Semiconductor 3 X Short ETF SOXSBUY ! SEMICONDUCTOR 3 X SHORT ETF SOXS
Semiconductor Stocks = Technology Bellwether Group.
LEADING THE MARKET TO THE DOWNSIDE !
THE_UNWIND
35% to 275% is possible here, we have massive sell off, by 2019Chart speaks for itself, if we are about to reverse trends, this is what we are going to get.
Upside potential now, is huge, compare where this was just a few month ago.
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
Semi's in major trouble$SOX is about to fail hard and all in it, major position is soxs and yes even short NVDA
MX MU AMD etc,
SOXS ConsolidationIf this can come down to 28.5 I'm looking to enter and for the price to retest the most recent highs.
$SOXS - Daily (Go long) At support with increasing volume and money flow. We saw huge UOA activity this week buying DITM calls..
