AwesomeAvani

PILL 3x Leverage Medical/ Pharma ETF for swing LONG

Long
AwesomeAvani Mis à jour   
AMEX:PILL   Direxion Daily Pharmaceutical & Medical Bull 3X Shares
PILL

On the 4H Chart, current market price is sitting on the support

of order blocks and the EMA200, while in an uptend from

a double bottom in the sprint. It is moving into the high volume

area of the voluxme profile. For the swing trade, the stop loss is

$0.10 below the EMA200 while the targets are marked

based on a combination of the horizontal resistances of

prior swing pivots along with sell order blocks and

the structure of the volume profile. Accordingly, this

trade risks $0.60 for about $ 4 to $ 5 of upside making for

an excellent swing setup especially since healthcare, medical

and pharmacueticals are known to be recession resilient and

ETFs are inherently diversified making leveraging a risk probably

worth taking.


Transaction en cours:
PILL reversal an uptrend noted. Long trade taken.
Clause de non-responsabilité

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