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Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X SharesDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X SharesDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

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GUSH trade ideas

GUSH: LEVERAGED BUY opportunity in BEAR MARKETFUNDAMENTALLY: Oil being a commodity is a safe play during any bear market or market crash. The talk about a future market crash is inescapable. Post COVID we saw a REACTION, not a “crash” I believe we will now see a true market crash post COVID. Alternatively the world is looking to go green, stretching their arms to reach for greener projects. However, it’s never the case that everyone succeeds perfectly. METAPHOR: For example, say you have a classroom of straight A students, and you give them paper and pencils and tell them to do a difficult math problem set for you, they might all finish in the time frame some may take extra time but they will all write with that pencil and erase. The lead is clean energy use the eraser oil energy use. Everyone needs to erase. Oil prices are on the steady rise and the shortage is growing. We don’t have enough green energy to support ourselves. People NEED oil. TECHNICALLY: There are much higher price points we see GUSH hit pre COVID. And I think we could be hitting half of those price points in the near future. The cup with handle pattern = strong bullish pattern, and the Adam and Eve bottoms support it.
AMEX:GUSHLong
by StefanoViacava
2
GUSH bullish scenarioHidden Bullish Divergence on daily MACD & RSI could still be in play but GUSH would badly need to pivot here and now. A lot of confluence (Fib. level and measure move) around $109 making it the perfect target for longs. Right now it looks very much like a coin flip but recent technical breakout on crude oil gives the industry some hope. Cautious traders would look for entry on backtest of the triangle. As of today bearish scenario with triangle breaking down and $40 target seems just as likely in my mind.
AMEX:GUSHLong
by Ravich000
GUSH Bullish DivergenceVery strong Triple Bullish Divergence on the daily timescale, strong reversal after multi-week downtrend right at the well-established demand line. Oil prices could skyrocket sure to ongoing Suez Canal blockage. Safe bet. Keep in mind that leveraged ETFs can suffer from decay over long periods of time so holding this asset long-term (months, years) increases your risk. Targets: $90, $100 (psychological), $110 but it could go much higher in time. I don't think stop loss is necessary for this trade but one could place it around $60, just below previous swing low.
AMEX:GUSHLong
by Ravich000
1
Are we in a New Range? $GUSHI'm still following the direction of AMEX:GUSH . Given today's initial drop back into the range I was following, I am wondering if this is a new price level for consideration. I am still long oil, but there may be external factors that are worth considering as well. Of course, beyond April, I do not expect to remain as confident is upward price movement in line with the trend we've been seeing. As production outside the US increases, I'd expect things to get a bit hectic as new price levels are established.
AMEX:GUSHLong
by DSMJFinancial
3
Cup and HandleThis is LEVERAGED. Cup and handle has broken out. Probable pull back inside the bands, or even to the MA (moving average, red line and this like will be moving with price as will the bands) as price has pierced upper trendline of Bollinger Bands set on an 80 moving average. Resistance overhead from previous gaps down. Small cup within a larger cup. HL (Handle Low) can provide support. Mid cup can also provide support. You can find mid cup by subtracting cup low from cup high and dividing by 2. I bought this a few months ago but if you are not in this, maybe wait for a pull back. Plus whenever I see a long leg up, I look for a probable pull back. Not a recommendation Yearly high is 388.40 3 year high is 19020 Top 10 Holdings SPDR® S&P Oil & Gas Explor & Prodtn ETF 23.47% Dreyfus Government Secs Cash Mgmt Admin 16.80% Goldman Sachs FS Treasury Intms Instl 15.78% S&P Oil & Gas Explor And Prod Select Index Swap 0.89% S&P Oil & Gas Exploration & Prod Selind Index Swap 2.90% Goldman Finl Sq Trsry Ins
AMEX:GUSHLong
by lauralea
2
Down? Can it be this easy - maybe not - we shall seeLooks way maxed out. I bought DRIP a bit early at 15.33 or something and failed to sell it when it dropped (when OIL spiked way up) - DRIP went way down to 13-ish and is now going back up). At THIS rate, if GUSH goes to the bottom line - $18 - why wouldn't it, it was just there a few months ago (-71%) - DRIP will go UP 71% (maybe) - which would be $24.76 (why wouldn't it - it was JUST there at the beginning of this year). So I guess I will keep my DRIP for now and buy GUSH at some point perhaps. NOT trading advice - just playing around with a few $$ (and getting ahead, and then risking it and getting behind and then being careful and getting ahead, etc, etc)
AMEX:GUSHShort
by thing123
3