DIREXION DAILY ENERGY BULL 2X SHARES

NYSE ARCA & MKT

ERX

Brotank77

Playing a multiple bottom. Energy has been trading down while the rest of the market has been setting new highs leading me to believe this sector has been overlooked. Usually Id wait for price to break the 50EMA but with the multiple bottoms showing a strong support level, I believe entering now before the bullish EMA cross over is not that big of a risk.

jarvisTA

0_0

FHtrading

BUY : 14.02 Stop Loss : 12.50 Take Profit : 23.22

Brotank77

Looks like it is time to short this. Breaking below the 50ema.

Brotank77

Price has formed multiple bottoms on the lower trend line which has proven to be quite stable. As you you can see on the charts, the price pattern has started to form a wedge. The wedge pattern, the multiple bottoms, and price testing the 50ema, leads me to think this is setting up for a bullish run.

abcribe

oil - ERX- are we heading north ? is testing major support line in 12.75. can we trust the upside due to oil-data today.? double bottom when 15 is taken out.

ChristopherCarrollSmith

According to ValuEngine, one of the better analytics firms, oils and energy are the most undervalued sector right now. VE estimates that this sector is undervalued by about 32%. Meanwhile, crude oil is in an uptrend. OPEC is looking at supply cuts, geopolitical tensions with Iran are heating up, and US crude oil inventory just posted another large supply draw. In...

jasonroy40

Energy will be running into heavy resistance by the end of the week...

jasonroy40

Yikes. More downside is ahead is the current level is broken!

jay_charting

Directional Bias: Long to 41.5+ Price Target: ERX Good Entry: 37.7-38.3 Risk/Reward: $1 cents max stop/$2.5+ reward

insyyte

After a horrendous freefall, ERX consolidated for 8 weeks. Now taking out resistance.

kunal00

erx after an incredible run has pulled right back to major support with markets going green here we could be in for a multi-day bounce here. this looks decent for a swing entry with a 2 dollar stop . there is no resistance till the 35-36 area for a first target

Lazarus718

MACD crossover and RSI 2-Strategy showing bullish behavior on ERX. News favors trend with Nebraska clearing the path for the Keystone Pipeline through the state.

classicoptions

Look for break lower. $XLE demonstrating similar bearish formations.

jimbo32010

Hold Long, ERX looking like it wants new highs

Genghis

Decision time

TripleThreat

Just watching this one. Looking for an opportunity to buy.

jimbo32010

Target is the previous high