Was going through some ETFs and this Direxion Daily Semiconductor Bull 3X Shares seems to be looking for a bounce here, main reasons why i say this:
1. There is support from 200MA and Anchored VWAP from its last year lows.
2. There is seem to be a bullish symmetrical channel pattern. ( As drawn with black lines)
3. Notice the moving average cross on the MACD, considering previous trends.
1. There is support from 200MA and Anchored VWAP from its last year lows.
2. There is seem to be a bullish symmetrical channel pattern. ( As drawn with black lines)
3. Notice the moving average cross on the MACD, considering previous trends.