SOXL 50 EMA Bounce Long

Direxion Daily Semiconductor Bull 3x SharesArca

Description

⋅ Mar 19, 2024 4:58 PM

SOXL is tightening down in a wedge and bounced perfectly off the 50 EMA after being down over 6% on the day. Looking for continued strength into the close. Chart looking very similar to what we saw at the end of January and early February.

Trade closed: target reached

⋅ Mar 21, 2024 4:57 PM

Perfect. Scaling out here.