19/06/2023 Weekly Idea SOXL/WOOD
Weekly idea of this week is to long SOXL, short WOOD.
With Apple's announcement of vision pro in early June, I expect a rise in demand of semiconductors in the supply chain (and also in upstream industries such as metal mining/battery making). WOOD is least correlated to the upstream industries while also reported being shrinking in the latest ISM report.
Price spread is currently 0.34. We would stop loss at 10% (ie 0.31) and looking for soft 30% profit target at 0.447 (which was in Mar 2022).
With Apple's announcement of vision pro in early June, I expect a rise in demand of semiconductors in the supply chain (and also in upstream industries such as metal mining/battery making). WOOD is least correlated to the upstream industries while also reported being shrinking in the latest ISM report.
Price spread is currently 0.34. We would stop loss at 10% (ie 0.31) and looking for soft 30% profit target at 0.447 (which was in Mar 2022).
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.