This is what a strong intraday recovery looks like. 👀$SOXSB is showing that W-shaped pattern again. 👏
Price moved from around $43.50 to $48.44, reclaiming the $44 level and building higher highs through the session.
What stands out is the steady upward move after the overnight dip, with buyers maintaining momentum into the latest highs. Now the key is whether price can hold above $48 and build on the breakout.
Momentum is strong on this chart. The next session will show whether buyers can sustain it.
Price moved from around $43.50 to $48.44, reclaiming the $44 level and building higher highs through the session.
What stands out is the steady upward move after the overnight dip, with buyers maintaining momentum into the latest highs. Now the key is whether price can hold above $48 and build on the breakout.
Momentum is strong on this chart. The next session will show whether buyers can sustain it.