ERX a leveraged ETF reflects the energy sector rise LONG
ERX as shown on the daily chart shows a VWAP band breakout into the mean VWAP
from the lower VWAP lines coupled with a rising momentum on the PMO targeting
72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a
major sector I see this as a low risk moderate reward potential type of trade
I will take this trade long expecting to reap simple modest unrealized profit.
The stop loss is @ 58.6 while the upside is 10%. Please comment if you need
more details or are requesting a call option setup specifics.
x
from the lower VWAP lines coupled with a rising momentum on the PMO targeting
72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a
major sector I see this as a low risk moderate reward potential type of trade
I will take this trade long expecting to reap simple modest unrealized profit.
The stop loss is @ 58.6 while the upside is 10%. Please comment if you need
more details or are requesting a call option setup specifics.
x
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