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KML6
Jan 29, 2023 5:14 PM

NAIL 50% short term upside  Long

Direxion Daily Homebuilders & Supplies Bull 3X SharesArca

Description

Another one where I feel wednesday NAIL will retest the 200ema from market panic on rate hikes. At this time I will add to a swing position and feel strong upside potential in a short time frame. Lumber futures are about to go crazy and although rates are higher this is reality.

Comment

Wait for an entry around $38 over next few days.

Trade closed: target reached

Closing and taking a short side.
Comments
jbcdrxyz
Divergence in RSI says otherwise
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