SOX stronger than XLK and QQQ but formed daily chart divergence peak.
30 min chart sees RSI break down 50 together with HA bar showing bearish head.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term...
We've now had a blowout earnings report from $MU, in which EPS beat by 11%, sales by 3%, and guidance by 24%(!). We also got guidance from XLNX yesterday that suggested its revenue will be about 5% higher than previously expected, above the high end of its previous range. This suggests that analysts are underestimating the sector's performance as we head into Q2...
Long -term investment idea for ETF SOXX on potential 2nd COVID-19 market drop.
SOXX 47% profit / Long trade 182.98 -> 269.57 / TrailStop 26.32 (Trailing Stop with _ below the market).
Profit: 47%, Risk: 23.5%, Risk ratio = 1/2
Allocation: 15% of the portfolio
All equities from our ideas was fundamentally checked and have good ratios (P/E, Debt/Equity, Sales...