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AwesomeAvani

SHORT SEMICONDUCTORS ON NEWS- SOXS

Long
Direxion Daily Semiconductor Bear 3x Shares (AMEX:SOXS)  
AwesomeAvani Updated   
AMEX:SOXS   Direxion Daily Semiconductor Bear 3x Shares
Chart Patterns Double Top or Bottom Head and Shoulders SOXL SOXS semiconductors semiconductorsshort reversal chips
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chartpattern doubletoporbottom headandshoulders soxl soxs semiconductors semiconductorsshort reversal chips
SOXS

Semiconductors have been giving some cautious guidance suggesting a market downturn,

supply chain issues and the recession fears. Vehcicles are being shipped to dealers lacking

some "chips" ; in the meanwhile, the CHIP acts hopes to stabilize things.

SOXS a ETF shorting the semiconductor industry #X leverage as the inverse of SOXL



The 4H chart of SOXS shows an EMA ribbon divergence, a market low with a Double or

Triple Bottom and an Asymmetrical Inverse Head and Shoulders with a neckline trendline

Marking a breakout just above the current market price.

This appears to be a good swing long trade setup or call option entry ripe for the taking.


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