Ravich000

GUSH could hit $68 this week

Long
Ravich000 Updated   
AMEX:GUSH   Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
GUSH is really beaten down recently and since it's getting shorted heavily I expect a small reaction soon. This would complete the the triangle before another leg down. daily RSI also at down sloping support. Entry $61.90, Target: $67.99. Quick trade that should play out this week. Stop loss below $60.
Trade closed: target reached:
$68 hit. Could go higher if it breaks out of the triangle but it's a dangerous area!
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