Given yesterday's strong Bull sentiment, I have set a new monthly Soxl Oct target of 46.75. Now that we are heading into the third week of October, we don’t have much time before all the reporting comes out (I expect good results), so we may not see a significant pullback this month or will we?
The following are some of the major semiconductor stocks SOXL has in higher proportions. Some of the stocks are honestly overbought, but they will likely continue to rise.
[$Broadcom (AVGO.US)$] Breakout Bull - Exceed ATH Oct target: 195 Haven’t touched day upper Bollinger and RSI still 60.
Breakout Bull - Greed Oct target 142.5 It touched the upper Bollinger band in all timeframes for Day and less, with an RSI range of 70-80. It may touch the upper Bollinger band weekly in October.
Ultratech
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I usually don't bother looking at soxl but ya, look what happens when the reds hit. the more bullish a stock is the easier it happens. this indicator does fail in a bear market but we aren't in one
Ultratech
152319689
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that's IC. Ichimoku Cloud. I edited the settings only the yellow and blue lines are part of it. yellow over blue is bullish. it's only a "cloud" not as accurate as other indicators.
Ultratech : $VanEck Fabless Semiconductor ETF (SMHX.US)$
Ultratech : I usually don't bother looking at soxl but ya, look what happens when the reds hit. the more bullish a stock is the easier it happens. this indicator does fail in a bear market but we aren't in one
Seng Hou : Semiconductor has been lagging behind, but Nasad & Dow Jones has break up all high. It time for them to chase up also
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ひな☆彡 SOXL ♡ OP Ultratech : Thanks for your comment :)
ひな☆彡 SOXL ♡ OP Seng Hou : Yes
152319689 Ultratech : How did you get the indicators marked in Blue?
Ultratech 152319689 : that's IC. Ichimoku Cloud. I edited the settings only the yellow and blue lines are part of it. yellow over blue is bullish. it's only a "cloud" not as accurate as other indicators.
152319689 Ultratech : thank you for the explanation
Foodie Investor : Any thoughts on ARM?
ひな☆彡 SOXL ♡ OP Foodie Investor : Arm break out but its proportion to SOXL is not much, it won’t do much