Is SOXL ever going to breakout...

Have held long on SOXL for about 5.5 weeks now with an average price of $30. I identified a wedge alongside "hidden" divergence on the MACD on a weekly time scale but it's still been pretty much in the same zone/area of consolidation.

When the DeepSeek news broke out, I was for sure ready to cut ties with this one since the Nasdaq was in a complete bloodbath but I gave it some room and glad to see it has been recovering OK for now.

My original target for one is/was $40 but I'd consider taking it off the table if we saw $35+ again. We'll see how this week performs and watch for that gap being filled.

Good Luck & Trade Safe.