Bullish divergence on SPXS
SPXS has been slowly gaining strength. The RSI is reversing from oversold territory while the OBV bounced off a support.
Similar price action can be seen before the March pump.
With the S&P and major tech stocks at all time high, it may be wise to get a hedge. In addition, US election limbo may lead to high volatility in the coming weeks.
This is a short term trade. Do not hold long term due to its decay.
Price targets:
4.85
6.5
Note:
This is not financial advise. Please do your own research.
Similar price action can be seen before the March pump.
With the S&P and major tech stocks at all time high, it may be wise to get a hedge. In addition, US election limbo may lead to high volatility in the coming weeks.
This is a short term trade. Do not hold long term due to its decay.
Price targets:
4.85
6.5
Note:
This is not financial advise. Please do your own research.
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