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Dc1392
Apr 19, 2021 6:43 AM

Bounce off the 50 sma line.  Long

U.S. Global Jets ETFArca

Description

Looking at the daily chart on JETS i can see a bounce off the 50 sma line like it has done so previously. MACD is in the red while the RSI is heading downward. I definitely see this ETF benefitting with everything opening back up, and people traveling more. Portfolio has been red the past few weeks but i am still holding strong on my positions as i have focused on long term investments. JETS for me is a medium term stock where i will look to sell at new all time highs which i do see happening this year.
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