$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The price action is turning around pretty quickly. Was there some market news? Ultimately, short sellers are likely to face a squeeze, I just didn't expect it to happen this soon.
$Taiwan Semiconductor Manufacturing(TSM)$ The company has been consistently beating both EPS and revenue for 11 straight quarters. Since 2022, though, it's been about a 50/50 chance whether the stock goes up or down on earnings. I don't have a position right now, but if it drops near the lower Bollinger Band, I might start accumulating. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ TSMX.X
Here's a look at the technicals for the 3x Leveraged Semiconductor ETF ($Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ ). It's currently testing a key support zone between $171 and $151, with major resistance up in the $214-$233 range. The liquidity sweep during the recent selloff seems to have drawn in buyers, which points more towards accumulation than distribution. While the Money Flow Index (MFI) has turned negative and volume has eased off a bit, the overall technical structure still looks constructive as long as that support holds. From my perspective, this pullback could present a potential buying opportunity. For existing positions, holding looks reasonable, and for new ones, a swing trade targeting that $214-$233 resistance zon
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The stock went from 150 to 450. We've already passed the 150 mark. Honestly, that's the only way this move can keep going; otherwise, it might be stuck for years.
I was an early adopter of PCs, then the internet, smartphones, and now AI. Each of these has greatly improved my capabilities, to the point where I can't imagine life without them. I've been using AI to find and summarize local Korean and Taiwan news, articles, and analyst videos on $SK hynix(SKHY)$ , Samsung, and TSM. Here's an interesting analysis I came across regarding recent selling pressure on the KOSPI. The forward guidance for $Micron Technology(MU)$ is in the low 6.x range, while $SK hynix(SKHY)$ and Samsung are in the 5.x range after the recent selling. That's a mind-boggling discount, considering these three companies have some of the st
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ A bullish engulfing pattern is forming here. It hasn't been confirmed yet, but if it gets the green light, we could see a potential move up of 14.0%. I'm keeping an eye on the 180.00 level.