StrategicTrading

SOXX Pulling Back from Price and RSI Resistance

NASDAQ:SOXX   ISHARES TRUST PHLX SEMICONDUCTOR ETF
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Semiconductors are pulling back from Price and RSI Flag Resistance Levels. This is the same chart that I posted earlier this week.

Breaking yesterday's low could send $SOXX to the 18 day moving average. I will probably buy that and Flag support, which will be near $209 later next week.

A break of Flag Resistance or Flag Support on a closing basis unlocks a much bigger move for $SOXX.

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