$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$

Nvidia has been consolidating strongly in a horizontal range for three months, similar to the adjustment that began in July last year. From a technical perspective, it seems to be nearing the end and facing a directional choice. Fundamentally and in terms of news, Jensen Huang mentioned that orders are booming, so my personal judgment is that it will move up to the next level, with an increase of about the same magnitude as the last wave, around 50%. Of course, I own semiconductor stocks, so it's quite possible that my position is influencing my bias.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet