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Technology Stocks : Semi Equipment Analysis
SOXX 301.15-1.2%Dec 31 4:00 PM EST
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To: Sam who wrote (92754)8/1/2024 1:30:43 PM
From: Return to Sender1 Recommendation

Recommended By
Sam

   of 95657
 
The SOX never reached a RSI of 30 on the 6 Month Daily Chart. I would consider buying stocks in this sector again when it does regardless of bad seasonality, poor guidance and everything else.

After yesterday getting to an RSI of 30 is going to take a lot more selling! Also the last time the SOX had a RSI of 30 the BPSOX was 1. How long before that happens again? How much further does the SOX have to fall?

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