TradingView
AwesomeAvani
Dec 2, 2022 9:09 PM

TPOR Triple leveraged Transportation ETF SWING LONG Long

Direxion Daily Transportation Bull 3X SharesArca

Description

Fundamentally, the stabilization of fuel prices helps push things down the road.

A possible rail strike if no averted by Congressionaly action will cause a big macro effect.

TPOR was downtrending into the end of September then reversed starting a trend back up.

I see this as a good long swing buying initially now and then every time the price

pulls back to the Hull 150 moving average trend line in back or even drops below it

when the faster moving average ( Hull MA 20 in Blue) reverses from going down to

up or crosses the long MA from below. I will exit when the relative strength tops out

and shows bearish divergence.
More