SOXL to $60Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
Upside Target $60
Key stats
About DIREXION SHARES ETF TRUST
Expense ratio
0.76%
Home page
Inception date
Mar 11, 2010
SOXL is an aggressive and bullish 1-day bet on a concentrated portfolio of the 30 largest US-listed semiconductor companies, including manufacturers and providers of services or equipment associated with semiconductors. The funds index employs market-cap-weighting, with the weights of the top five securities capped at 8% and the remaining securities at 4%. The index may include ADRs, whose cumulative weight is capped at 10%. To gain exposure to the index, the fund invests in swap agreements, securities of the index, and ETFs that track the index. SOXL rebalances its 3x leverage dailymeaning over the long haul, targeted returns could look significantly different due to compounding effects of this daily rebalance. Prior to August 25, 2021, the fund tracked the PHLX Semiconductor Sector Index.
Classification
What's in the fund
Exposure type
Electronic Technology
Cash
Stock breakdown by region
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.
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 u
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
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
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.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.