In-Depth Technical Analysis of SOXX: Bearish Trends and Head and Shoulders Pattern Indicate Potential Drop to $180
Analysis
A comprehensive technical review of SOXX reveals a bearish trend following a break below the 200-period SMA at $210.00, with a potential drop to $180.00 outlined by an emerging head and shoulders pattern. The article discusses key support and resistance levels, trading strategies, and risk management measures for short-term and medium-term traders.
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