SOXL: Why Now's The Time To Get Long Semiconductors Into Year-End (Upgrade)

Impact · against what's priced in

The upgrade to SOXL and SMH is based on short-term technical indicators and anticipation of a year-end rally rather than fundamental shifts. Because these are technical swing trades based on perceived capitulation, the impact is limited to short-term momentum traders.

SOXL+0.40

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In context

The upgrade to a buy rating is based on technical supports being tested and volume spikes suggesting a potential rebound into year-end.

Read from the article alone

• semiconductors
• ai
• SMH
• SOXL
• bull market
• etf
• swing trade
• technical analysis

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