Direxion Daily Semiconductor Bull 3x Shares SOXL

Moshkelgosha Premium

The semiconductor industry has fundamentally the strongest demand, and the supply shortage is expected to be extended to 2023. But The biggest companies in this industry have experienced a double-digit correction or have entered the Bear market(Correction>20%) Look at their charts: NVDA is down more than 25% YTD: TSM is down almost 19% YTD: AVGO is...

abigreen Pro

Looks bullish, but with some pains ahead, if you have nerves of steal target of 28 is very possible.

cerealpatterns

right now major indices and the nasdaq especially is banking on semis carrying a significant bounce out of the giant hole they have dug for themselves and us all. it follows that if we can hold 15.80s breaking 16.80s and continue with TRAMA staying over VWMA with both averages rising together that we should hae the go ahead to close the gap around 18.60s (strange...

Erictaylor Pro

Creating a double bottom. We didn’t breach my low which is perfect. This could target 18.80 as falling wedge resutance if we close above 15.50 bice trade setup stop below 13.16 long to 18.80. If that breaks 23.30 is first resutance

Erictaylor Pro

Large falling wedge. This thing is been extremely Berish and losing that $18 range in backtesting it yesterday as resistance was a huge sign Of a crazy Bearish move. However if this falling wedge that price has remained in for quite some time holds it stands true, 12.55-12.60 Could hold as support and that might be an area to try to grab a long position with...

cerealpatterns

soxl is pretty much plummeting if we get a significant gap down and cant set a higher low 4hr the 15 minute trend will continue downwards until the 4hr is bullishly diverged stoch, rsi a lot of people are covering, and that may lead to some squeeze, but the over all trend is down if we close gap from either direction, and it looks like it is setting a lower high...

cerealpatterns

fib of bounce gives us about 50% retracement if there is some recovery to tighten in range we could look back up at 22.23-22.48 setting a daily higher low if market decides to gap up friday. if vwma keeps rising and trama flattens out we will have a bounce in semis. if these indicators keep bearish divergence we are likely continuing lower in broader markets. $23...

Test_Monkey Pro+

I am always looking for those low risk/high reward plays. SOXL looks like a strong contender as AMD, NVDA, AVGO and even INTC had a decent day. Lots of room to run if it continues through $26.50 (a good place for paper buy stops) Things are on hold if it slides back into the box... It needs to avoid that downward channel or things get bearish.

Vibranium_Capital Premium

SOXL bouncing off extreme trend support and now breaking local trend resistance, lovely setup! we can target 29.90-37.31 now

MGZ_Trader

Fundamentally and technically semiconductors are on the move Recently they have experienced massive drops in value due to the high volatility in the broad market however considering the fact that they are highly demanded and many other industries and their productions are dependent on the semiconductors the potential move and growth should be quite significant.

livingdraculaog Pro

I made an indicator that plays "critical darling" lyrics from slipnot whenever there is a bearish signal.

p4917 Pro

Arguments pro a bullish scenario in $SOX / $SOXL: We have reached the 78.6 % fib retracement in SOXL According to the seasonal chart from the last ten years (see the SEASONAX screenshot at the top), in 9 of 10 cases the $SOX had made a bullish move from the 17th of May until the 8th of June At some point, the semiconductor shortage must affect the...

ThomasTuanNguyen Pro

Long-term outlook for semiconductors are always bullish, however, near/short-term we've seen a lot of volatility from ETF's like $SOXL. Recommending a near-term straddle. I like the spread on something like the May 20th call @ $23, and May 20th put @ $23.50. Given that beta is ~3.7 and market sentiment continues to remain mixed, I think this is a great way to...

cerealpatterns

if critical support provides meaningful buy volume and we close the week near the highs then semiconductors, and the broader market could exhibit a bounce here towards lower 36s. if we see another wave of selling down at these levels were probably blowing through that support on the weekly trending toward upper 16s taking the market with it as semiconductors are a...

CryptoFundManager Premium

SOXL tracks the performance of the thirty largest U.S. listed semiconductor companies. The semiconductor space is still hot, but the companies in the leveraged Direxion Daily Semiconductor Bull 3X Shares (SOXL) didn`t performed well against the inflation and raising interest rates recently. I think SOXL is now close to the strong support of $21, pre-pandemic...

AltcoinBronte

We are at a big level of support at SOXL (Direxion Daily Semiconductor Bull 3X Shares). The semiconductor industry is very important: "Semiconductors are the brains of modern electronics, enabling technologies critical to U.S. economic growth, national security, and global competitiveness. Semiconductors have driven advances in communications, computing, health...

iaorozco

Here an interesting idea about SOXL.... - Big volume - Strong support Good luck!

optionsdivergence Pro

SOXL has reached a major bullish level here, with great possibilities for calls/shares. Chart Event: Quadruple Bottom on Weekly, Double Bottom on Daily Confluence: Rising volume each time price action nears this level Bouncing neatly at weekly 200EMA Strong weekly bullish divergence Strong daily bullish divergence Chip shortage continues to benefit...