NAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean
anchored VWAP and has bounced and crossed over the latter. Relative strength lines are
crossing over the 50 level and the relative volume is showing a gradual rise. This is the
beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will...
top 10 holdings of NAIL and DPST. The thought behind this chart is to show at any one time which security is driving the ETF's. So you can either play the runners or the whole fund.
thanks
NAIL- is an ETF of Homebuilders; It is 3X leveraged. Price is up over 30% in the first two weeks \
of June. It is shown here on the 30-minute chart with the "Market Bias" indicator which shows
uptrends in green and pull-back zones in gray. Presently, price is pulling back - when the gray
colored trend indicator changes back to green, an optimal entry can be...
Accuracy in direction. I started with penny stocks then forex. Through it all I stuck with reading the charts and understanding it. I've used tradeview as a diary for myself.
Another one where I feel wednesday NAIL will retest the 200ema from market panic on rate hikes. At this time I will add to a swing position and feel strong upside potential in a short time frame. Lumber futures are about to go crazy and although rates are higher this is reality.
For over 2 years we've heavily referenced the NAIL ETF ( Provided by Direxion ) to get a better sense of the overall housing market. As a measure of context, our experience / trading background included heavy exposure in supporting MBS (Mortgage Backed Securities) and ABS (Asset Backed Securities) reference data providers. This is in no-way investment...
I bought NAIL in the pullback this morning as I believe this is a retest of the breakout in the downtrend. The daily indicators also look strong right now.
I'm keeping a stop just below the previous lows at 62.94 since if this is a bull trend now, it shouldn't break that support.
I believe around a 30% gain is possible in this breakout if you can be patient. Good luck!
CCI 74 crossing above -100, momentum will turn upward and price should stay within wedge. Sell when CCI 74 crosses back under 100. This is not investment advice, just posting my trades.
NAIL has been having a pretty good run this year up until the last 3 days where it sold off close to 50%. Had a good recover day yesterday back up 10% so will be interesting to see if it continues to claw back some of that drop.
