Like I said earlier, SOCL has never traded this high before, and given the fact that so many people use social media on a daily basis and with so much growth potential, this index has a very good chance to skyrocket this year! I've been keeping my eye on this one for quite some time, and normally I'm not a big fan of buying an index or stock at an all time high - rather wait for a pullback - but this one is an exception. SOCL keeps breaking the resistance and may well be trading over 30 after the first quarter of this year. In fact, I'm so confident that this ETF will keep trading higher that I allocated almost 20% of my entire portfolio to SOCL, with a Stop Loss around 20.50, and a target? Not really set. Maybe now I'm aiming for the stars!
By: +John van der Munnik