"SOXL is set up for continued upside because the market has shifted into a hardware-led rally, with mispositioning and triple-leveraged ETF/option flows helping momentum sustain near-term gains."
"EXPLOSIVE"
Latest analyst takes
"SOXL is set up for continued upside because the market has shifted into a hardware-led rally, with mispositioning and triple-leveraged ETF/option flows helping momentum sustain near-term gains."
"SOXL has strong momentum after breaking higher from the level I flagged and hit $85, but it's stretched outside its normal envelope so I'm bullish yet cautious with a stop below $80."
"I treat the 3x semiconductor ETF as a risky, momentum-driven play that has rallied heavily (he referenced ~70% in a week) and therefore is a high-volatility way to express a bullish view on chip hardware."