SOXL. Stock Analysis: Navigating Bearish Trends with Short-Term Selling and Long-Term Caution - A 10-Day Forecast.
The analysis suggests a bearish trend with a recommended "Sell and Wait" strategy in the long term. Short-term strategy involves selling with a target price of $31.5 and planning to buy back in 9 days at $27.2. High correlation with the US stock market is noted, and predictions may change based on market index trends. Volatility is expected due to sudden Buy-Sell intensity changes, and a trend reversal is anticipated in approximately 6 days. Jan 31, 2024 SOXL stock closing price 32.1 -4.26% ◆ [Long-term strategy] The current trend zone is Bearish. and Investment position suitable for the trend zone is Sell and Wait. The trend within a Bearish zone is divided into a 'Downtrend' in the downward direction and a 'Rebound Trend' in the upward direction. In the Downtrend, there is a strong downward flow with occasional upward movements, while in the Rebound Trend, there is a fluc