$SOXLB has fallen 32.62% in the last seven days, now trading at $94.4. The price is 34.09% below its 7-day high of $143.22. Today, $SOXLB is down another 13.44%.
This downward move is confirmed by strong volume, 1.629 times its 7-day average. The RSI is currently at 32.0. This is a bearish signal. Even with an RSI this low, it can fall further.
My view remains bearish for $SOXLB . A sustained move and close above $100 would be needed to reconsider this view. I am waiting for signs of stabilization or a clear reversal on strong volume.
#SOXLB #TradingData
This downward move is confirmed by strong volume, 1.629 times its 7-day average. The RSI is currently at 32.0. This is a bearish signal. Even with an RSI this low, it can fall further.
My view remains bearish for $SOXLB . A sustained move and close above $100 would be needed to reconsider this view. I am waiting for signs of stabilization or a clear reversal on strong volume.
#SOXLB #TradingData