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Trendencies
Feb 21, 2020 3:04 PM

BRZU Long Opportunity - Good R:R! Long

Direxion Daily Brazil Bull 2X SharesArca

Description

I'll keep it simple.

BRZU has been playing within an ascending triangle and is now near support - Easy R:R play with good potential to play out.

Appears to be nearing the end of a long-term downtrend in my opinion.

Thanks!

Comment

As we can see the price has went below the stop I had placed, does this mean that the worst is yet to come? I do not believe so, however, I am keeping a close eye on this and will post an update as to when the reversal happens.

Thank you!

Comment

$19-$18.75 seems to be an area of interest. I am going to ladder buys in starting now.

Order cancelled

Well I dont think it can go much lower than $1.50 but it has surprised me already lol. Thank goodness for stop losses, this went down with a vengeance!
Comments
Barkworth
I had a look at your ideas, and it all looks pretty solid. I don't understand the lip you and your sidekick were giving me about ACB, but you were dead on wrong. Not one week later, your shares lost another 30% of their value.

You owe me a coffee, unless you are not a man of your word. Shall I PM you my Paypal addy? Think again in the future, and be a gentleman with an open mind.

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