AwesomeAvani

LABU 3X leveraged Medical Technology LONG

Long
AwesomeAvani Updated   
AMEX:LABU   Direxion Daily S&P Biotech Bull 3X Shares
LABU over the past ten trading days has trended down from the top of the volume profile

to near the bottom. The Price-volume trend is flat showing accumulation/coiling.

The price momentum oscillator shows an uptrend suggestive of bullish divergence and

the volumes are stable at or above the running mean. I see this as a good long trade

as some if the ETF components are pumping through earnings. If you are interested

to know my thoughts on a call option setup, please leave a comment.

Trade active:
Trade is sideways today. Full position running.
Trade active:
Price is up decent. Stop loss raised. Risk is off.
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