$BETZ is below the channel, upside looks weaker

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BETZ the popular betting ETF looks to be loosing some steam on the daily chart. The stock recently broke the bottom of the channel (that has a slight downward trend) and is now below the recently started 200MA. Our entry points for this stock are 25.x and 22.x ATM.

Look for a continuation to these points and then a trading scenario (in either direction).

We would like to see the stock distribution in the ETF changed slightly to provide possibly further growth.