SOXL - Long Shares Play - Quadruple Bottom on Weekly Timeframe
SOXL has reached a major bullish level here, with great possibilities for calls/shares.
Chart Event: Quadruple Bottom on Weekly, Double Bottom on Daily
Confluence:
Trade Idea: Calls/Share Swings
Price Targets:
Chart Event: Quadruple Bottom on Weekly, Double Bottom on Daily
Confluence:
- Rising volume each time price action nears this level
- Bouncing neatly at weekly 200EMA
- Strong weekly bullish divergence
- Strong daily bullish divergence
- Chip shortage continues to benefit chipmakers
- Falling Wedge on 65m
Trade Idea: Calls/Share Swings
Price Targets:
- PT1 - $30.50
- PT2 - $32.00
- PT3 - $33.00
- PT4+ - $35.00
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