SOXL Update 📈 Chip Never Dies ☑️

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$

Hi, Dear followers; thank you so much for your support every day :)

In the past few days, I hope some of you, the SOXL gang, have had a good time seeing our beloved SOXL recovering !!

I apologise for not being able to post much lately due to my work on weekends.

$iShares Semiconductor ETF (SOXX.US)$

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This is the original chart of SOXL: SOXX, and thanks to the $Broadcom (AVGO.US)$ , which we can probably call next Nvidia (in terms of momentum), literally saved the SOX index from a continued downtrend. This really means a lot to us because both Nvidia and $Intel (INTC.US)$ are getting minor corrections as of late.

If you can zoom in on the daily chart, you will understand that the chart movement nicely followed the bottom ceiling of a red Ichimoku Cloud, and with the lack of strong momentum, unable to break it through in the past month.

However, the situation is getting better; as you can see, the price has reached almost the top Bolinger band - for the first time since October. This means that the movement becomes relatively more bullish than before. Next week, it will likely pull back slightly to fill the gap between the candles. Still, I never considered this a dangerous spike up, of which I may be biased positively. Even Nancy Pelosi has invested in some Chip sectors, indicating that we can expect more monetary inflow into the chip sector fron institutions and/or insiders.

My guess is that this will continue to consolidate between the bolinger bands but will slightly continue to go up.

You can see that the green Ichimoku Cloud is ahead; when it breaks through that one or above the cloud, we will regain the massive momentum into the moon…. I really cannot wait for it. In terms of timing, it is likely when both Nvidia and Intel respectively recover from the minor corrections they received.

Guys, we have been manipulated and played games, and the price action is evidence. At the end of the day, TA and Patience win the game and let me tell you, Chip never dies.

You also know that when x3 leverage becomes fully bullish, this is going to be absolutely insane and no one can stop us at all, not even kidding. The chip cycle will continue to the end of Windows 10 support that will be discontinued on 14th of October 2025.

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$

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I am still absolutely Bullish, and even the MACD golden cross is about to form on weekly chart…

Enjoy trading and I believe in the future of chip sectors…

Chip Never Dies :)

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