E SOXS Trade Setup…

The daily bar chart for the SOXS shows its breaking out above the neckline this morning with a gap.

(Click on image to enlarge)

Monday we took our initial small position on the breakout from the daily line chart which gave us an earlier breakout vs the bar chart. I’m going to add another 250 shares at the market at 62.66 with the sell/stop now up to 50.20 using a close below the 50 ema which is rising.

(Click on image to enlarge)

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