$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ I think a realistic short-term target is around $75-80. It has never broken past the 20 EMA because of decay and reverse splits. Until then, a correction is coming. By the time SOXS reaches $75-80, SOXL will likely be around $50.
$ProShares UltraPro QQQ(TQQQ)$ The Nasdaq future is already down 840 points. Based on my next support level, it could drop another 260 points for a total decline of 1100 points.
$SK hynix(SKHY)$ Short attack similar to the 2Q earnings report. The share price should climb back above 200 or so by mid-November, once shorts need to cover a couple of weeks after earnings. History repeats itself over and over again. Fear, uncertainty, dread, and dismay are being pushed all over AI chip stocks. AI spending cutbacks, Chinese competition, margin squeeze, chip cycle. All of it is being played up by the media. None of it will materialize in the next 2 years. SMCI, TXN and others have raised guidance for Q4 and next year. Trade on facts, not fear. Keeping it to 10% of my portfolio. Expecting a good earnings report and ignoring analyst projections. 40-45B in Q3.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Couldn't buy as much as I wanted. But seeing confirmation of the reversal is good. Buyers keep getting flushed out on every pump. Conviction is gone. Next leg should be huge, probably 70.
$Applied Optoelectronics(AAOI)$ Interesting stock. It keeps alternating between riding the upper and lower Bollinger Bands before flipping to the other side. With that in mind, the mid Bollinger Band point (20 MA red line) should provide support. If it falls through, it would probably trade within the lower BB band. $Tradr 2x Long Aaoi Daily Etf(AAOX)$
$Bloom Energy Corp(BE)$ I've watched BE enough to recognize the pattern. A strong climb gets followed by a sharp drop, investors panic-sell, and then it bounces back. I'm staying patient with it.
$Intel(INTC)$ $SK hynix(SKHY)$ Both are up on the rumors, so they might as well ink the deal since investors are bullish on the idea. If they cancel it, both stocks will fall back down.