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Direxion Energy Bull 2X Shares
Long

ERX Long Idea

By bhowe
Updated
With WTIC moving higher the OIL sector stocks are finally starting to react. GUSH and ERX both looks promising here. GUSH had a big day up over 10%. ERX I am looking to go long with a move over the 50sma. Tomorrow may be a buy.
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ERX at multiple resistance points. I think it breaks thru soon
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Energy sector ERX up against resistance, needs to push thru
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USOIL is still above support (purple arrow) at the 75sma. Keep on eye on that for an exit. The target price has already been hit on the AB=CD move.
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ERX is showing signs of weakness. The 9ema is crossing under the 25sma. Youll have to decide is you want to sell , or set stops.
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Trade closed: stop reached
Small loss, unfortunately
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bouncing here, didn't see this line. Maybe hope if you are still in the trade
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AREXChart PatternserxgushRIGCrude Oil WTIwtic
bhowe
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