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mfrancisdli

Multiple bullish patterns on DRV

Long
Direxion Daily Real Estate Bear 3X Shares (AMEX:DRV)  
mfrancisdli  
AMEX:DRV   Direxion Daily Real Estate Bear 3X Shares
Chart Patterns Technical Indicators Fundamental Analysis drv realestate 3xbear 3x housingmarket
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chartpattern indicator fundamental drv realestate 3xbear 3x housingmarket
Long DRV = 3x Short Real Estate. To me looks primed and ready to go in the mid term to short term. DRV has been heading downwards in this ascending channel, and it has broken to the upside of the channel. Target of that one is around 66.77. Since breaking out of that pattern it has created two smaller bullish patterns, another ascending channel, and a bull flag with shorter term target of 57.77.

I am not a professional, there are many ways to interpret charts and signals, I am only sharing what I see. Thank you.
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