DRV Updates (05/14/2020)
FA
Please check my other DRV posts for basic analysis.
FED keeps rates at 0%. Which means no further interest expense can be reduced for rental businesses.
TA
-DRV is having a bullish trend, trading above moving averages. However, less than EMA 200.
-DRV broke-out $26 trend resistance which means DRV can be trading higher.
-Squeeze + RSI are signaling bullish.
-New Target: $30
-Ideal Price: $25
-Long-term holders: Market price.
Please keep in mind DRV is an x3 ETF, so this will be extremely volatile. Up and down 5% is normal for this type of ETFs. Please create your own strategies to trade or to buy this ETF. Stop-loss or profit taking orders are highly recommended.
Please check my other DRV posts for basic analysis.
FED keeps rates at 0%. Which means no further interest expense can be reduced for rental businesses.
TA
-DRV is having a bullish trend, trading above moving averages. However, less than EMA 200.
-DRV broke-out $26 trend resistance which means DRV can be trading higher.
-Squeeze + RSI are signaling bullish.
-New Target: $30
-Ideal Price: $25
-Long-term holders: Market price.
Please keep in mind DRV is an x3 ETF, so this will be extremely volatile. Up and down 5% is normal for this type of ETFs. Please create your own strategies to trade or to buy this ETF. Stop-loss or profit taking orders are highly recommended.
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