AMEX:DFEN   DIREXION SHARES ETF TRUST DAILY AEROSPACE & DEFENSE BULL 3X SHARES
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DFEN has gained stability and is looking to break the short term trend. I believe it will break north in its current triangle and go on to test the longterm trend line around $11.80.

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Since I currently own DFEN, if what you say actually happens, is that good for my long position or bad?
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"Break" would indicate downward direction yet the $11.80 looks up on the chart. I am sorry for asking this, but would you please explain what you said/mean so I can learn (new to charting). Thank you.
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