SOXL: Correction Within the Long-Term AI Supercycle

After a powerful rally, the ETF faced profit-taking near the major resistance around 272. However, the overall structure remains strongly bullish. The current pullback appears to be a normal correction within a broader uptrend and may create a new opportunity for accumulation.
The trading plan focuses on potential buying opportunities around 204-181 if demand returns. Key support is located in the 167-154 area, where previous accumulation and major moving averages converge. Upside targets remain at 235, 277 and 345.
From a technical perspective, price continues to trade well above long-term moving averages while the broader rising channel remains intact. Following the sharp advance, the market is entering a cooling phase, which is often a necessary step before the next bullish leg. As long as support levels hold, buyers maintain control of the trend.
Fundamentally, the investment thesis remains tied to the continued expansion of artificial intelligence, data-center construction and high-performance computing demand. Major technology companies continue increasing AI-related capital expenditures, supporting the entire semiconductor ecosystem. With its leveraged exposure, SOXL remains one of the most aggressive vehicles for participating in the semiconductor and AI growth story.
As long as the key support zone holds, the long-term bullish targets at 277 and 345 remain in focus.
The trading plan focuses on potential buying opportunities around 204-181 if demand returns. Key support is located in the 167-154 area, where previous accumulation and major moving averages converge. Upside targets remain at 235, 277 and 345.
From a technical perspective, price continues to trade well above long-term moving averages while the broader rising channel remains intact. Following the sharp advance, the market is entering a cooling phase, which is often a necessary step before the next bullish leg. As long as support levels hold, buyers maintain control of the trend.
Fundamentally, the investment thesis remains tied to the continued expansion of artificial intelligence, data-center construction and high-performance computing demand. Major technology companies continue increasing AI-related capital expenditures, supporting the entire semiconductor ecosystem. With its leveraged exposure, SOXL remains one of the most aggressive vehicles for participating in the semiconductor and AI growth story.
As long as the key support zone holds, the long-term bullish targets at 277 and 345 remain in focus.
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- profit-market.info/fx/?g=BZA6ZC
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🪢 Брокеры для торговли:
- profit-market.info/fx/?g=BZA6ZC
- ib-fxpro.com/?ib=SwHtc7m3
💬 DM: @@totoshkatm
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👨🎓 Telegram: t.me/totoshkatradingteam
🪢 Брокеры для торговли:
- profit-market.info/fx/?g=BZA6ZC
- ib-fxpro.com/?ib=SwHtc7m3
💬 DM: @@totoshkatm
🪢 Брокеры для торговли:
- profit-market.info/fx/?g=BZA6ZC
- ib-fxpro.com/?ib=SwHtc7m3
💬 DM: @@totoshkatm
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน