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
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.
Comment:
still on pace for the 279.26 target.