Auguraltrader

SOXL - An interesting proposition TAKEN

Pembelian
AMEX:SOXL   Direxion Daily Semiconductor Bull 3x Shares
Given a heads up from a friend some time ago, SOXL was closely tracked and position taken at 14.80 (white arrow).

There was immaculate synchrony on the weekly and daily charts, as it fell in a falling wedge. The weekly technical indicators turned as the weekly candlestick hinted of a possible trend change.
The daily technical indicators similar in sync and a break above the HULL moving average also coincided to a breakout of the wedge.

Looking for a move to 32. A very good amount of space, over the next couple of weeks.


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