TSLL is Telsa with a boost of steroids LONG

AwesomeAvani Updated   
NASDAQ:TSLL   Direxion Daily TSLA Bull 2X Shares
TSLL is an ETF of TESLA instruments leveraged 50% - while TSLA has its own range

percent from its volatility TSLL does this even more at a lower per share price.

On the 4H chart, TSLL can be seen pivoting down in a VWAP breakdown from a high

about July 19th. It is now in deep oversold territory supported by the redline of the

second standard deviation line below the thick black mean VWAP. On the ZL-MACD,

the cross under the histogram and the ascent of the lines toward the zero line shows

in my opinion bullish disvergence. Upside to the target just below the POC line of

the volume profile is about 15%. I will go long taking call options as :

1. contracts striking $ 16.00 for an expiration of 8/25 and,

2. contracts striking $ 17.00 for an expiration of 9/1.

I am anticipating overall profits of 100% as a goal in this trade. I avoid time decay

and in risk management I will close a position when it hits 100% or not less than

two days before the expiration. Good luck on this trade if you take it. DYODD !
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