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novamatic

TNA levels $44 > $57 > $68 > $80

Long
Direxion Small Cap Bull 3X Shares (BATS:TNA)  
novamatic Updated   
BATS:TNA   Direxion Small Cap Bull 3X Shares
Trend Analysis Chart Patterns Technical Indicators
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TNA has some serious room to move. Even if you are bearish on the Russell, we could see a move to $80 in TNA and still maintain a bearish thesis. I illustrate how I think TNA could move up from here.

Comment and let me know what you think
Comment:
It has been a while and we've done a few interesting things. We have double-tapped the 50% retrace and now we found support at the .382. I've doubled down at this level (small green arrow). upside targets are significant. downside risk, on the extreme end, is we test the 61.8 way down near $30, but I do not think that will be the case.
snapshot
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