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LABU 3X leveraged Medical Technology LONG
Direxion Daily S&P Biotech Bull 3X Shares
Long
LABU 3X leveraged Medical Technology LONG
By AwesomeAvani
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Updated
Aug 10, 2023
3
Cheer
Cheer
6
6
Aug 9, 2023
LABU over the past ten trading days has trended down from the top of the volume profile
to near the bottom. The Price-volume trend is flat showing accumulation/coiling.
The price momentum oscillator shows an uptrend suggestive of bullish divergence and
the volumes are stable at or above the running mean. I see this as a good long trade
as some if the ETF components are pumping through earnings. If you are interested
to know my thoughts on a call option setup, please leave a comment.
Aug 9, 2023
Trade active
Trade is sideways today. Full position running.
Aug 10, 2023
Trade active
Price is up decent. Stop loss raised. Risk is off.
albu
earningsplay
leveragetrading
medicaltechnology
medtech
Oscillators
Volume
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