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Sawyer170

SOXL Oversold ready for a bounce back?

Panjang
Direxion Daily Semiconductor Bull 3x Shares (AMEX:SOXL)  
Sawyer170  
AMEX:SOXL   Direxion Daily Semiconductor Bull 3x Shares
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Looks like it's down to the 30 RSI the oversold level. Each time it has met this it has rebounded back up. It rarely ever had crossed below the 30 maybe 1 or 2 times in the past 5 years on the daily chart. I'm wondering if it's a good time to get some very very cheap discounted call options while their still oversold. Their could Definitely be more down side but not forever if their is a time for soxl to come up it would be right around this time according to the RSI. What do you think?
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