Lynxys

CWEB starting to look better with this wedge breakout

Lynxys Pro Updated   
AMEX:CWEB   Direxion Daily CSI China Internet Index Bull 2X Shares
I'd like to see a retest of the wedge for a safer entry or a consolidation for a few days above the green line around $12.35
The daily RSI has also broke resistance which is typically bullish .

Lately CWEB has been sold off after going above the 34 EMA , it has to stay above that to gain confidence in a long-term uptrend.
Comment: Today might have been the retest, but it still didn't go as low as I was targeting so I'm still waiting for now.
Trade active: I like the bounce on CWEB here right in the area where I wanted to see a retest of the breakout so I have entered a position.

Trade closed: target reached: Closed this trade as it is hitting resistance and slowing down. I will want to buy it back again after a pullback.
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