Invesco Phlx Semiconductor is slightly up on the day, it isn't making a very strong move but still up 0.80%. We'll see if it can keep moving up or not. It looks like SOXQ may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line SOXQ is near a weak support line. We'll see if it bounces off or heads lower. The company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.
If we get a reversal off of support and Invesco Phlx Semiconductor starts moving up, it can probably get to $42.01 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
