SOXX ETF has been forming a nice ascending triangle since January. Using the Edwards and Magee 3% entry rule we have an entry at $227.48 a measured price target of $279.89 and an entry stop at $204.06 giving us a R/R of +52.41
Dec 11
Comment: entry at 227.48 and currently still long. A considerable pullback last week in the overall market tested patience with a lot of people but we quickly resumed the uptrend.
Dec 11
Comment: still on pace for the 279.26 target.
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