Buy $SOXS- NRPicks 04 Jun
The Direxion Daily Semiconductor Bear 3x Shares $SOXS is an index that seeks a daily investment return, before fees and expenses, of 300% of the inverse (or opposite) of the daily return of the Semiconductor Industry Index.
In the last month there has been a lot of talk about semiconductors and their scarcity, a situation that had an impact on the price of some companies that had rallied and reached new all-time highs, however, the correction was not definitive.
Due to the current situation, where the production of chips and the performance of semiconductors in the short term is still in doubt, we point to a new correction that will benefit the SOXS and allow us to generate a good profitability.
MACD Level (12, 26) -864.17
RSI levels oversold
14% below daily MA50
In the last month there has been a lot of talk about semiconductors and their scarcity, a situation that had an impact on the price of some companies that had rallied and reached new all-time highs, however, the correction was not definitive.
Due to the current situation, where the production of chips and the performance of semiconductors in the short term is still in doubt, we point to a new correction that will benefit the SOXS and allow us to generate a good profitability.
MACD Level (12, 26) -864.17
RSI levels oversold
14% below daily MA50
Trade closed: stop reached:
June 28