Unfounded speculation

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ I can't buy with confidence unless it dips below 120. Given the recent weeks' downtrend, it could temporarily drop as low as 80. A limit order at 120 and a sell target at 160 (+33%) is more than sufficient!! If uncertainty persists until October, a drop to 50 wouldn't be surprising.