YANG China Leveraged Bearish LONG

AMEX:YANG   Direxion Daily FTSE China Bear 3x Shares
YANG benefits when the China factories slow down and the economy stagnates

which is the present situation. The weekly chart shows YANG at its highest before

and after covid in 2019-2020. The volume profile shows over the 3+ years most shares

have traded at the present price levels. Price is rising above the POC line of the

volume profile and approaching the long term mean VWAP. The RS indicator shows

sideways strength movement in the mid-ranges. The MACD is curling upward over

a low amplitude histogram. The Asexome Oscillator is sideways. Overall, I will place a

long trade here and then supplement it with an add when the trend direction is stronger

and the Average Directional Index gains amplitude.

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