AMEX:ERX   DIREXION DAILY ENERGY BULL 3X SHARES
555 8 20
7 months ago
Oil             was rallying yesterday and today. Stocks were in pullback mode. As oil             holding its highs and stocks their daily cycle lows I think there is a decent chance that ERX printed the daily cycle low 3 days ago. It broke out of the descending channel tested back and heading to new highs.
I'm writing this before market close so all who not positioned in oil             or oil             shares yet I think it's the last good opportunity to go for long in this sector.

The risk is low if someone wants to put a stop loss I would put it below the DCL at 24.54.
The target price is between the 300 EMA (36.93) and 2015. November high (40.45).

I will post when the time comes for "ERXIT" :)
6 months ago
Comment: This one is going to print a crazy rally with oil in panic buying and stocks in a rally out of the DCL...
snapshot
AL_G
7 months ago
I like
this chart plus the analysis with stop loss, %, etc.
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Benztownguy
7 months ago
im in since your last comment on May 8th @26.11 :-) let it rise!
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whawk PRO
7 months ago
Thanks!
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xmrider
7 months ago
got in with your idea. Will follow through with your idea.
thanks alot.
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AlphaDreams PRO
7 months ago
Increased too at 26.79
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This one is going to print a crazy rally with oil in panic buying and stocks in a rally out of the DCL...
ERX - Buying opportunity
Reply
andrej123456
6 months ago
I bought some ERX shares just today.
Reply
Benztownguy
6 months ago
Do you think that CLF and DRYS (Shippers) could be good company for ERX in order to maximize the gains on the oil rally?
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