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Test_Monkey
Jun 2, 2022 8:46 PM

SOXL - Semi's are looking strong again Long

Direxion Daily Semiconductor Bull 3x SharesArca

Description

I am always looking for those low risk/high reward plays. SOXL looks like a strong contender as AMD, NVDA, AVGO and even INTC had a decent day.

Lots of room to run if it continues through $26.50 (a good place for paper buy stops)

Things are on hold if it slides back into the box...

It needs to avoid that downward channel or things get bearish.
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