PILL 3x Leverage Medical/ Pharma ETF for swing LONG

20 ago 2022

PILL

On the 4H Chart, current market price is sitting on the support

of order blocks and the EMA200, while in an uptend from

a double bottom in the sprint. It is moving into the high volume

area of the voluxme profile. For the swing trade, the stop loss is

$0.10 below the EMA200 while the targets are marked

based on a combination of the horizontal resistances of

prior swing pivots along with sell order blocks and

the structure of the volume profile. Accordingly, this

trade risks $0.60 for about $ 4 to $ 5 of upside making for

an excellent swing setup especially since healthcare, medical

and pharmacueticals are known to be recession resilient and

ETFs are inherently diversified making leveraging a risk probably

worth taking.

2 mag 2024

Trade attivo

PILL reversal an uptrend noted. Long trade taken.