$Semiconductor Bull 3X Shares(SOXL)$
Bearish might take place for 2 to 3 days, but in long terms it will bounce back to full bullish!
RSI at oversold line, some traders will harvest short term profits on this week.
However it doesn't change my TP at $16 which will take about 3 weeks time more or less.
As the chart I shown, by taking MA50 as support line, risk reward now is 50-50. The price either will down 11% or up 11%. That's just my prediction, it might not go as same way. Market is always unpredictable, but the risk can be controlled.
Modified in.2023-01-19
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