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p4917

Bottom in SOXL is in?

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Direxion Daily Semiconductor Bull 3x Shares (AMEX:SOXL)  
p4917 Diupdate   
AMEX:SOXL   Direxion Daily Semiconductor Bull 3x Shares
Fibonacci Seasonality Economic Cycles semiconductors semiconductorshortage shortage semiconductor seasonality-trading seasonaltendencies seasonaltrade Fibonacci Retracement bottoming
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fibonacci seasonality economiccycle semiconductors semiconductorshortage shortage semiconductor seasonality-trading seasonaltendencies seasonaltrade fibonacciretracement bottoming
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 prices ...

Contra arguments:
  • $DXY is rising / interest rates are going up
  • ... anything else?

I can't see any significant arguments standing against the bullish case in $SOXL. If you have anything - please drop a comment below!
Trade aktif:
Seems like SOXL as well as SOX has made a double-bottom, which could be the major trend reversal.
Trading ditutup secara manual:
Okay, the low is still to find.

Ide yang Berhubungan

p4917
📈 Bullish rebound ahead!
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