Why SOXL continues to rise ✔︎
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?
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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.
[ $Broadcom (AVGO.US)$ ]
Breakout Bull - Exceed ATH
Oct target: 195
Haven’t touched day upper Bollinger and RSI still 60.
[ $NVIDIA (NVDA.US)$ ]
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.
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.
Bull with minor Pullback - UP
Oct target: 180
Currently experiencing mini pullback, likely to 162.5.
[ $Qualcomm (QCOM.US)$ ]
Breakout Bull - UP
Oct target: 185
Just had a mini breakout; momentum will continue
[ $Texas Instruments (TXN.US)$ ]
Bull in the range - Stable
Oct target: 215
[ $Micron Technology (MU.US)$ ]
Strong Bull - UP
Oct target: 120
I think the Bull trend is powerful in this one, this will likely continue to increase.
[ $Intel (INTC.US)$ ]
Short-term Bull - UP
Oct target: 25.25
[ $Taiwan Semiconductor (TSM.US)$ ]
Breakout Bull - UP
Oct target: 197.5
Same as Nvidia, I am not surprised that if greed will take to 200.
Note: My indicators are customised as follows;
MA (13,25,210)
Bollinger (21,2.33)
Oct target: 180
Currently experiencing mini pullback, likely to 162.5.
[ $Qualcomm (QCOM.US)$ ]
Breakout Bull - UP
Oct target: 185
Just had a mini breakout; momentum will continue
[ $Texas Instruments (TXN.US)$ ]
Bull in the range - Stable
Oct target: 215
[ $Micron Technology (MU.US)$ ]
Strong Bull - UP
Oct target: 120
I think the Bull trend is powerful in this one, this will likely continue to increase.
[ $Intel (INTC.US)$ ]
Short-term Bull - UP
Oct target: 25.25
[ $Taiwan Semiconductor (TSM.US)$ ]
Breakout Bull - UP
Oct target: 197.5
Same as Nvidia, I am not surprised that if greed will take to 200.
Note: My indicators are customised as follows;
MA (13,25,210)
Bollinger (21,2.33)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Technical Analyst - No Fundamental 😞
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Lives and Dies w/ SOXL 🥹
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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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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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