AwesomeAvani

DPST Long as the banking sector stabilizes

Long
AwesomeAvani Aggiornato   
AMEX:DPST   Direxion Daily Regional Banks Bull 3X Shares
DPST was down in April, consolidated in May and is now parabolically rising and had a price split

in recent days.On the one hour chart, price is rising along the quickly after a pivot on June 1.

Price is well above the POC line of the intermediate term volume profile showing buyer strength

The relative strength on the RSI indicator is flat over 80. I will take a long trade with a stop

loss at 5% and a take profit at 20%. I will end the trade early if the RSI drops below 75 as a risk

management maneuver. I will be viligent for a correction / retracement because the price is

up more than 10% in one day.
Trade chiuso: obiettivo raggiunto:
Share reverse split. Double drop and drop. re-entry after consolidation and new base.
Trade chiuso: obiettivo raggiunto:
Call options tripled on the pop today- closed 2/3 of them 4 remaining to run.
Trade attivo:
I am holding through a pullback and expecting another leg higher. If fed raises 25 basis points will close the trade.
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