📉 $SOXL Perp holds $100.13 after testing $96.13 support — Will Semiconductor Dip-Buyers trigger a rebound? 🚨

$SOXL is hovering at 100.13 (-3.64%), pulling back from a 24h high of 109.15 down toward an intraday low of 96.13 as high-beta chip perps navigate intense October volatility. Despite a sharp slide from earlier high resistance levels at 169.82 down toward the 78.01 cycle base, aggressive institutional and retail dip-buying inflows have provided strong liquidity, keeping the ETF active near the $100 psychological threshold.

Technically, the daily RSI(6) has reset cleanly to a balanced 50.55, signaling that overbought momentum has completely flushed out without pushing the asset into severe oversold territory.

If buyers defend the 96.00 – 98.00 support floor, a relief recovery toward 110.00+ remains viable, whereas a breach below $96 could expose lower structural levels.

Are you going long on semiconductor perps here or expecting a deeper pullback? Share your outlook below! 👇

#SOXL #Semiconductors #🔥 KCUSD Exclusive Deposit Boost: Earn Up to 6% APR

🚨 $AMD STOCK — NEW BULLISH CATALYST

AMD is back in focus after Raymond James upgraded the stock to Strong Buy and raised its price target to $641 from $565. 📈

The upgrade comes as analysts see stronger AI-server growth ahead, adding to AMD’s already powerful data-center momentum.

AMD’s Q2 data-center revenue surged more than 2× YoY to $6.72B, while total revenue reached $11.54B. 🔥

📊 Market Impact:

The latest upgrade reinforces the bullish institutional view on AMD as AI infrastructure spending accelerates.

What’s Next:

Investors will watch whether AMD can sustain its AI-driven growth and challenge Nvidia more aggressively in the coming quarters.

#AMD #AMDStock #AI #Semiconductors #Stocks #investing