WEBL Long - ETF breaks ~$20 resistance after 2 years.AMEX:WEBL breaks $21 after 2 years.
Been holding from $13 since 2022.
Up-bound !!!
WEBL trade ideas
We Bull!The Dow has to make a new ATH and to do it these stocks have to join the party.
Unemployment rate climbs as DOW makes ATH, then rate cuts will cut the DOW in half over next year.
WEBL 3X LEVERAGE DOW JONES LONGAMEX:WEBL
The WEBL moves well owing to its leveraging.
At present on the chart, WEBL is near support
after a downtrend. I have picked a target
based on a retracement of that downtrend
to the middle Fibonacci level. This target
also has confluence with the VWAP band
and the upper boundary of the volume profile's
high volume area. I have calculated the
Reward for Risk as 2.35.
the volume profile's
Mid-term upswingI do know nothing about this etf.
But I think it will go up because of technicals.
I will be right if I am lucky.
Let's see if I am luckly
DIREXION: New 3x ETF Poised for Gains in 2020This is a brand new (about 2 months old) leveraged ETF that was brought-about recently that looks fairly promising in my opinion for 2020. Many of the stocks in this etf actually have significant promise in 2020 and many of them consolidated in 2020 and actually have the potential to "grow" and "catch-up" to the broader tech sector.
As bullish as I am on precious metals and energy I am not bearish in the equity market for 2020 as I see low double-digit gains, hence there is still solid capital appreciation in certain sectors to be had.
This etf includes: Amazon, Facebook, Cisco, Salesforce, PayPal, Google, Netflix, Twitter and eBay. Most of these companies either consolidated or made some gains but not nearly the extent as the broader market for 2019.
I expect Amazon to gain 20% in 2020 and Facebook could soar 30 or 40% in 2020 as well; Salesforce is nearing break-out and Cisco is due for a rebound; Paypal and eBay are on the upswing; and Twitter and Netflix has mostly bottomed.
I would wait to see how the markets react to, or not to, a potential sell-off in the first 2-2 1/2 weeks of the new year.
- zSplit
