SOXSReports are the semiconductor secotr is presently challenged with rising costs
and lower production orders.
SOXS is in a flat bottom triangle with price now at its base.
The RSI Oscillator is in mid-range suggesting price has upside.
The relative volume has been increased in the past two weeks.
I see this as a swing long setup with the target 30-40& above
the current market price in the mid-Fibonacci retracement range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.