SOXL trade ideas
SOXL, the best kind of stiff sock, semi play with the shortageNo raising rates til 2023. FOMC bullish af. Don't buy puts.
SOXL bounce off 61.8 fib level, reversal confirmedGreat time to enter
We have the greatest rebound of all time for the ev industry. its time we take advantage of the great move
They are going to crash this (and everything else) back down...for a bit (tomorrow), I suspect, one more time (rinse and repeat, etc)... (not trading advice).
Maybe I am wrong.
Rising wedge on SOXL. looking for breakout then test support.Looking for a breakout to the downside. Well defined support will be my buying zone
SOXL$SOXL- back above the 100 day EMA, also above a multi month support line. I am buying between $28-32, selling(stop loss) near $27.75, securing some profit at $40 and $43. According to Yahoo Finance: “As more people have been staying indoors since the COVID-19 outbreak, there has been a surge in electronic goods sales, which are leading to a rise in demand for microchips. So much so that there is presently a supply crunch for microchips that is affecting production of electronic and automobiles. This once again proves that the semiconductor industry is on track for further growth.”
SOXL to long after reversal confirmWe are monitoring seems like price reversing at 61.8 fib level, but lets wait abit longer
SOXL at 61.8 Fib level 31.06great chance ? or great chance for failure? we are still waiting the reversal
SOXL Major CorrectionETF may bounce back on the next support level, which maps to a FIB retracement and trend line.
Will buy on the red zone.
SOXL Long Swing TradeBUY signal for SOXL all day last Friday, with a nice dip intraday to provide a buying opportunity.
SELL on first red heiken ashi candle.
TP1 is about 6% or $720, where I'll take of 25% of the position if that is hit.
TP2 @ 8%/$733 (25% of position)
TP3 @10%/$747 (25% of position)
Strategy Statistics from backtest since SOXL conception (no take profits)
Win%: 56%
Avg Win: 7.3%
Avg Loss: 4.65%
R:R: 1.58
SOXL - possibly a bit more to pullback Entry 595-602Key support level right around 600 and .618 FIB looks to be a likely bounce point.
SOXL and USD have been key holdings that have done very well for me, and can be good as buy and hold, or sell on dip, but at the bottom on regular 10-20% pullbacks.
SMH is better for the feint of heart that don't like the swings.
Semiconductor demand is through the roof. Everything the semiconductor companies can produce is sold before it's built. To the Moon!
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
SOXL Possible long feb 16thLooks intraday invites to Long position, no divergences on RSI, good volume and momentum last week, also Shortage in supply could get prices increase
SOXL Good entryThis is one of my favorites looks like could be a good entry
Este es uno de mis favoritos, puede que sea muy buena entrada
