ERX bullish on energy

AMEX:ERX   Direxion Energy Bull 2X Shares
Playing a multiple bottom. Energy has been trading down while the rest of the market has been setting new highs leading me to believe this sector has been overlooked. Usually Id wait for price to break the 50EMA but with the multiple bottoms showing a strong support level , I believe entering now before the bullish EMA cross over is not that big of a risk.