BETAPRO NAT GAS LEV DAILY BULL ETF ETF SHS NEW (POST REV SPLT)TSX
Description
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TSX ETF HNU Horizons Beta Pro Nymex Natural Gas Bull Plus 2X Leveraged long position setup. Break up confirmation with strong volume after a double bottom sets us up for the summer season with BBQs and Air Conditioning power generation using natural gas. Surplus inventory fell far short of expectations in recent news so bears are exiting their positions as we cross the 50 day EMA. Entry point is $3.91 with a stop loss of $1 at $2.92 and a profit target of 60%+ at above $6.32.