SOXL has been ranage bound for several weeks now and is loosing momentum. BASED on fibonacci trend regresion and prior lines of support and resistance I predict that SOXL will drop out of it's current range and bounce at 46.02 +- This level was it's prior resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.