Direxion Semiconductor 3x Bull | SOXL | Long at $30.00
So many semiconductor companies... which one to choose? Enter 
SOXL - not for the faint of heart. Losses and gains triple compared to most semiconductor ETFs, so stay away if high-risk plays aren't your thing. The top three holdings are 
AMD, 
AVGO, and 
NVDA - two of which are at all-time highs...
I wouldn't be shocked ifSOXL enters the low $20's to test the base of my historical simple moving average area, but I don't think we are done hearing about AI and the semi demand. There are large gaps to fill above and below the current price and we are at the 50/50 stage (i.e. historical simple moving average zone) for a price move up or down.
My bet is up, especially with the new presidential administration. If politicians start dumping semis, I'm out. Thus, at $30.00SOXL is in a personal buy zone.
Target #1 = $35
Target #2 = $40
Target #3 = $50
Target #4 = $60
SOXL - not for the faint of heart. Losses and gains triple compared to most semiconductor ETFs, so stay away if high-risk plays aren't your thing. The top three holdings are AMD, AVGO, and NVDA - two of which are at all-time highs...I wouldn't be shocked if
SOXL enters the low $20's to test the base of my historical simple moving average area, but I don't think we are done hearing about AI and the semi demand. There are large gaps to fill above and below the current price and we are at the 50/50 stage (i.e. historical simple moving average zone) for a price move up or down. My bet is up, especially with the new presidential administration. If politicians start dumping semis, I'm out. Thus, at $30.00
SOXL is in a personal buy zone.Target #1 = $35
Target #2 = $40
Target #3 = $50
Target #4 = $60
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