TNA Stock Chart Fibonacci Analysis 022123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 39/61.80%
Key stats
Previous close
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Open
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Volume
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Dividends Yield (FY)
0.35%
Double Bottom | 35% move possibleDirexion Daily Small Cap Bull 3x Shares forms bullish "Double Bottom" chart pattern
"Double Bottom" chart pattern formed on Direxion Daily Small Cap Bull 3x Shares (TNA:NYSE). This bullish signal indicates that the stock price may rise from the close of $43.19 to the range of $54.00 - $57.00. The
TNA 3x The Gains And 3 times the losses ofc lol
But I believe small cos will outperform fuelled by short squeezes
I’m already long TQQQ but I believe this is a better play from here
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GRI 2023
NOT TARDING ADVICE
Chart
Log
Linear fibs
Breakout
IHS
Bull div
Total Non-stop ActionI think small caps will outperform and be squeezed
I think this can get to that old high
But otherwise I’ll be targeting the 50% level
Send it
NOT TARDING ADVICE
TNA Small cap bull. One to at h if you like small caps. Seems to be making a nice base. 4 hour open and close above 58 next key resiatnce 64-66 area. Would confirm falling channel breakout. Key support 50$ could be small descending trinagle as well with target of 74$
lovely double bottom bounce 🧐TNA recently did a bullish RSI cross, first targets are 65.96-70.17 local/trend resistance areas, if it can break above those then final target would be 89.07.
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IWM / TNA next few days will decide...To my friends,
TNA would be a nice dip buy between 57-58$ (let's say 57.92 and see how well this will plays out)
stop loss would be at 56.50.
TP1 68.38
final TP 73.32
or u can wait on confirmation of the 61.43 alert and set a stop limit buy order at 61.5
stop loss 61
same take profit whatever the
TNA bullish in 15 min chart. Going up to $60 -$62Going UP very quickly in the next few days.. Possibly the target price is $62.50.
Small Cap Rotation - EpicLots of market breadth was eroded this year, with most small and micro-cap investors becoming frustrated by shameless levels of naked shorting across a lot of sectors, such is the frustration always felt in a wave-four correction. This may be a leveraged ETF but the structure here is undeniable. Our
TNA is approaching a hard support levelTNA is approaching a hard support level - the support level has been tested a total of 5 times throughout the year and has always bounced back.
In addition, the upcoming January effect could be positively impactful for small cap index.
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