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DIREXION SHARES ETF TRUST

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SOXL trade ideas

Direxion Semiconductor 3x Bull | SOXL | Long at $30.00So many semiconductor companies... which one to choose? Enter AMEX:SOXL - not for the faint of heart. Losses and gains triple compared to most semiconductor ETFs, so stay away if high-risk plays aren't your thing. The top three holdings are NASDAQ:AMD , NASDAQ:AVGO , and NASDAQ:NVDA - two of which are at all-time highs... I wouldn't be shocked if AMEX:SOXL enters the low $20's to test the base of my historical simple moving average area, but I don't think we are done hearing about AI and the semi demand. There are large gaps to fill above and below the current price and we are at the 50/50 stage (i.e. historical simple moving average zone) for a price move up or down. My bet is up, especially with the new presidential administration. If politicians start dumping semis, I'm out. Thus, at $30.00 AMEX:SOXL is in a personal buy zone. Target #1 = $35 Target #2 = $40 Target #3 = $50 Target #4 = $60
AMEX:SOXLLong
by WorthlessViews
2
SOXL WEEK OF 11/18/24SOXL WEEK OF 11/18/24 To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level. Be prepared to initiate long or short positions targeting the YELLOW ranges. While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡 *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
AMEX:SOXL
by J3Trad3s
SOXL WEEK 11/11/24SOXL WEEK 11/11/24 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 YELLOW ranges. Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡. *LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
AMEX:SOXL
by J3Trad3s
1
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 25.96 on Friday. Big trouble now lies ahead if this ETF takes out its recent $23 Low. Traders looking to short Semiconductor Stocks,on a crash should use SOXS,.. which has already risen 50 % this summer alone. SOXL 25.96 Close 9/6/24 THE_UNWIND WOODS OF CONNECTICUT
AMEX:SOXLShort
by The_Unwind
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 move - so let's consider some lemonade with a dash of black powder - AMEX:SOXL down 21% rn to $35. - does it reverse? idk - should it? idk probably, v technical here dragging mkt - if does reverse... will be today - so you play some IV boost and clear the trade or half of it into close I've bot some 8/2 GETTEX:37C 's for 80c. let's see. gl fam. V
AMEX:SOXLLong
by VROCKSTAR
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 Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AMEX:SOXL
by fibonacci6180
The Long Case for SemiconductorsThe long thesis for SOXL, Semiconductor 3x Long. With Crypto, AI, Automation etc we will soon come to view Semiconductors as a fuel for computational power. Just like we need gas for cars and electricity for all the rest the next phase of the economy is running off of Computational Power at a mass global scale. The internet was the mass explosion of collective knowledge onto the world. This next phase will be the democratization of computational power to go with that knowledge. As things are the semiconductor industry is well insulated through its extreme specialization. Governments will move to increase their own semiconductor production but this is 5-10years out and will most likely end up contracting/subsidizing Established semiconductor manufacturers. This all points Up for Semiconductors.
AMEX:SOXLLong
by AngryBuhda
SOXL Gap Up Potential.Gap Ups can occur past a range that experienced previous consolidation in attempt to continue to challenge the next price zone. SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square. The Linear Regression + RSI indicator had a potential bottom signal without confirmation of the William Vix indicator that is showing toping potential. This can sometimes indicate a break through of a current "top".
AMEX:SOXLLong
by AngryBuhda
SOXL: Tactical approach to scale in and outStudying recent price action in SOXL (3X ETF on SMH - semiconductor segment). Example of an uptrend that ended (as defined by 34EMA wave), and then a retracement from 200MA back up to the 34. In this scenario, be cautious about buying into the bounce as it can often drop back down after reaching the 34 again from the bottom. Past support becomes current resistance. Capture gains tactically but exiting a portion of the position once reaching that potential resistance, and again if the breakdown does occur. Determination of what is considered a breakdown, and how much to reduce is suggested as 2 candles showing downtrend, and 50% reduction.
AMEX:SOXL
by cch31