Short term 2 week SOXL putSentiment is overdone here. On a retest of the 21 EMA on the 30 minute chart looking to buy Jul 5 $59 puts. Shortby limit_buy_690
The Long Case for SemiconductorsThe long thesis for SOXL, Semiconductor 3x Long. With Crypto, AI, Automation etc we will soon come to view Semiconductors as a fuel for computational power. Just like we need gas for cars and electricity for all the rest the next phase of the economy is running off of Computational Power at a mass global scale. The internet was the mass explosion of collective knowledge onto the world. This next phase will be the democratization of computational power to go with that knowledge. As things are the semiconductor industry is well insulated through its extreme specialization. Governments will move to increase their own semiconductor production but this is 5-10years out and will most likely end up contracting/subsidizing Established semiconductor manufacturers. This all points Up for Semiconductors.Longby AngryBuhdaUpdated 7
SOXL Gap Up Potential.Gap Ups can occur past a range that experienced previous consolidation in attempt to continue to challenge the next price zone. SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square. The Linear Regression + RSI indicator had a potential bottom signal without confirmation of the William Vix indicator that is showing toping potential. This can sometimes indicate a break through of a current "top".Longby AngryBuhdaUpdated 5
SOXL and the sentiment cycleAMEX:SOXL setting up for a beautiful run ahead of NVDA earnings. Note the structure similar to Justin Mamis sentiment cycle.Longby Ben_1148x22
expanding range semiconductor market structurethe range has expanded wildly, and it looks like there is money to be made in a squeeze in semiconductors. ai stocks and tech stocks are high risk and prone to wild swings. i think the downswing has ended mostly considering these levels outlined in the value gap and smart money areas on the chart. im attempting to swing this long as the levels converge.Longby cerealmarketUpdated 4
SOXL: Tactical approach to scale in and outStudying recent price action in SOXL (3X ETF on SMH - semiconductor segment). Example of an uptrend that ended (as defined by 34EMA wave), and then a retracement from 200MA back up to the 34. In this scenario, be cautious about buying into the bounce as it can often drop back down after reaching the 34 again from the bottom. Past support becomes current resistance. Capture gains tactically but exiting a portion of the position once reaching that potential resistance, and again if the breakdown does occur. Determination of what is considered a breakdown, and how much to reduce is suggested as 2 candles showing downtrend, and 50% reduction. by cch313
SOXL Next Best Trade (Bullish Potential)Weekly FVG Close at 41. Daily Close at 38. Waiting for reversal pattern.by RandiMichelle113
SOXL LONG ENTRY setup soxl is goooooood pull back now. it;s time to buy like no tomorrow!! but still posssible down to $25 my bull entry with no stop loss... ^^Longby ys03korea2
Wild Ride for SemiconductorsThis has been a huge drawdown for semiconductor bulls, but this relief rally should leave us above the open of that last daily candle at some point this week. ive marked that level out. the neural net and convolution strat says its rebounding looking for a place above these candlestick pattern levels to weekly sell again.Longby cerealmarketUpdated 0
SEMI should be bouncing soon.As shown in the chart. SOXL is still a higher low along on the trendline, seeking a bounce tomorrow. I would take loss if SOXL dropped below 38.95. Otherwise, it should be ABC wave up to 53. Longby Caidan114
SOXL 50 EMA BounceSOXL is tightening down in a wedge and bounced perfectly off the 50 EMA after being down over 6% on the day. Looking for continued strength into the close. Chart looking very similar to what we saw at the end of January and early February.Longby SWRLSUpdated 4
How to trade SOXLAMEX:SOXL now at 39.57 Falling from 57.04 Good price to buy few now FYI, i started accumulating few from today Will again but on good dips until 31 Target prices in 1 year.....47, 57, 63.15, 67, 70, 73.07 Support is now at 39.18, below this can quickly fall to 31 , giving a good opportunity to buy and hold for 1 year target of 73.Longby krishnadevathi111
The reduction target is 11-12$According to the butterfly pattern, a decline is looming with a target of $ 11-12, where there will be an excellent point for further overshooting.Shortby Tontine_Coffee_HouseUpdated 554
SOXL shortSemiconductor Bull 3X ETF, Bearish Engulfing and Gap down. Short 47 Stop 57.10 Target 28, 14 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account. BuyToOpen Aug Put P30 Limit 3.16 SellToOpen Aug Put P16 x2 contracts Limit 0.54x2 =1.08 Total cost 2.08Shortby PlanTradePlanMMUpdated 1
Semiconductors To Cool Off...I am out of this ETF and we have a shooting star pattern worth your consideration. Not financial advice, DYOR. Shortby ChartProphet111
SOXL Stock Chart Fibonacci Analysis 030924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 423.60% level 3) Hit the top = 57/423.60% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : D A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day. by fibonacci61802
SOXL: Logscale Bearish Gartley at Trendline ResistanceSOXL has reached the Logscale 0.886 of this potential Logscale Bearish Deep Gartley which aligns with the upper trendline of the channel it has been trading within. If it plays out, I think we could see SOXL come down to the lower trendline and perhaps even lower. This May be sparked by a selloff in NVDA and AVGO.Shortby RizeSenpai227
SOXLLots of room to run from its clean break through mid of the whole move up to all time highs. I suspect it can get to 70s by end of April. Longby jhonnybrah0
SOXL21.2.24 - I would wait for <28, golden zone or MOAT breakthrough and on rebound. - will see if long options will be bought 🤓 - currently UP there is a big resistance in the form of the upper blue channelby michalskoda221
SOXL Put credit spread exp Feb 16, 2024Since the New Year started SOXL has declined hard Straight into a -1 sig anticipated support around 25. Which is also a weekly level from 7/14/2023 There seems to be a jump over at VWAP around 28 which is also the daily close from 12/20/2023. The bet here is that it stays in the 22-31 range and the fresh Weekly supports at the red lines hold. It could keep pushing down but that would be a bigger timeframe decline and price has already held VWAP from the Nov 2023 anchor. I anticipate that if the big trolling orders are down at 21, then it could attract price down there. But that's why I'm at 22, so I can roll out if that happens, probably not down if it inverts. But if it ranges around 21, then maybe I roll it out and down to 20 or 19. Symbol SOXL Open Date 1/5/2024 Put or Call Put Expiry Date 2/16/2024 Short Strike 21 Long Strike 19 Price to Open 0.55 Min Width Multiple 4 Risk Ratio 2.64 Return on Risk 37.9% Opening DTE 42 1 Day ROI% 0.90% Max Annual ROI % 329.6% Buyback to Close Open to Roll Closing % Cost on Opening Credit Net Roll % on Opening Credit Closing Date Closing Price Closed Margin ROI % Closed Annual ROI % Longby claypuzzleUpdated 1
SOXL / SOXS , this ratio analysis shows when to trade eachSOXL is the triple leveraged semi-conductor ETF while SOXS is its inverse. While SOXL is primarily up trending in its intermediate and full-time history, it does from time to time have a correction mainly when the technology sector gets challenged. I have found that plotting the ratio of the share values is a very accurate way of pinpointing those corrections and temporarily buy some SOXS to offset the downward price action and nullifying any loss. This is more or less insurance in case the overall position must be closed for one reason or another or transient hedging. As can be seen, these corrections last 1-5 days . This strategy is effective risk management as during the correction the SOXS gains some of what SOXL loses especially if the share dollars are equally balanced. Ever better is the same thing on a 2-3 hour time frame albeit it with more hedging trades. I have found that this strategy works on a variety of inverse ETF pairs. Most of them however do not have one side going up more or less continuously and instead oscillate rather than simple and shallow corrections like this pair. Please give a like if you this this could be helpful to your trading.Longby AwesomeAvani6
SOXL Wedge Tightening Looking for a BreakoutTaking a stab at SOXL for a reversal here. Tightening down in a wedge for the last week. After semis had been making new highs. Relatively oversold RSI on the 65min and MACD about to flip bullish on the same timeframe. Active trade. In @ $31.99, target $36Longby SWRLS2