I don't have much to go on but that is fine. I just use the trend pivot line to put my back against (like a stop loss) So the margin of loss is minimal if the trade fails. I call this area the position of maximum opportunity.
This chart shows the long-term ratio between SOXL/SOXS. The intent is to detect reversals between semi-conductors long and short. At the pivot high, the price of SOXL compared with SOXS is at its highest. With a retreat from the pivot high, the price of SOXL is retreating while SOXS is rising. Historically in 2022 as shown on the chart, pivots were with a...
On the 2hr chart, NVDA popped from earnings over 20% putting with a PE Ratio sky high on the promise of semiconductor heaven and AI ecstasy. Can it stay there ? Will it lead other technology companies ( semiconductors / cloud services / AI et cetera) higher as well ? Is it now overbought and looking at a glass ceiling? The indictors suggest a near-term...
I hope you caught my idea earlier this month, in which I explain how April chop beneath mid of the 6-23 range likely deviation before sned. Now that we're here: If above 19 it's sending 23, which is first quarter of the whole move. Has plenty of gap incentive for higher between first quarter and 50% retracement (40) as well. If we do get the pullback to 17s...
GT ($8.77) - VTN ($12.5) - Fibo ($12.45) Plan A: Sell put option one month expire to earn premium at $12.5. Goal to earn 4% monthly premium from collaterals money. Plan B: I am willing to hold SOXL long-term at $12.00/share if I need to exercise my Plan A sell put option. Plan C: I will sell cover call option for Plan B to earn 4-5% monthly premium income...
- SOXL is moving within a rectangle formation between support at 12.99 and resistance at 18.59. - A decisive break through one of these levels indicates the new direction for the stock. - SOXL is between support at 13.70 and resistance at 18.00. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit,...
- NASDAQ:NVDA still lead bull in the NASDAQ:SMH sector you can see AMD already has been dropping - NVDA clear resistance 280 rejected multiple times - SMH holding above its weekly support, 13 cents away from breaking on Friday. - NASDAQ:MSFT and NASDAQ:GOOGL ER Tuesday AH will drag SMH which everyway the earnings come in.
Locally, at least since last April, SOXL has been confined to a trading range as defined herein by yellow horizontal lines, which is the range from 23 highs to 6 lows, thereby having mid at 14.5. So long as above 14.5, I reckon that SOXL will make its way to the range highs (23). On a longer time horizon, it seems likely to reclaim 23 as support and resume trading...
$SOXL stock, target posted. -Higher low rounding above 200 day
SOXL has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. SOXL has received a positive signal from the moving average indicator, thus signaling a continued rise. The stock is approaching support at 14, which may give a positive reaction....
Nvidia has outperformed every mega cap stock there is. Clearly leading the way to the upside i think once NVDA tops it will lead the marekt lower. NVDA is now trading at a 148PE, making it more expensive than the previous 2021 high.
There is a chance that SOXL might end up filling the gap January 23. We are currently at the end of the Elliot wave theory so if that proves to be true we should continue to see a very steep decline. With various reports coming out the only thing I think that would keep it up is good economic reports. I think you will see SOXL come down to roughly $12.90...
Bearish penant formed on the 1HR for AMEX:SOXL . Looks like a break out after hours and should confirm when Open. RSI divergence is also present in recent hours. Measured flag pole downwards tags the macro trend/flag that's formed on the daily.
i want to see a 15 minute pattern that winds up moving into this range, and i will be long soxl
Nvidia just put in a reversal signal on the Daily chart as it hit major resistance. This semiconductor has been a powerhouse mover and has single handily been lifting the Semis sector higher. Now that this stock may show some near term sell pressure we could see the sector as a whole pullback. The only thing that Im being mindful of when it comes to NVDA is...
Been a while, but finally SOXL has broken out and IF this week keeps up or at least keeps where it is currently, it appears to be a clear breakout on the weekly chart. Clearly, MACD and VolDiv are aligned for a bullish run. Heads up! Revisit again soon...
On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break, the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance for a swing trade short to the downside targeting the point of control line ( dark green ) inside...
Fake breakdown of a trendline from 2012, largest capitulation volume selling in Oct. Everything just looks extremely bullish for semis longterm to me.