TLT long, technical setup
Reasons I'm buying
1) Upside breakout from channel/bull flag that began forming Aug/Sep 2019.
2) Convergence of 10 EMA (thin, black), 20 EMA (blue), 50 MA (purple)
3) Attractive entry point with pullback to 200 MA after 50/200 MA cross Jan 19
4) RSI breakout (15 Day RSI with 60 day EMA)
Long TLT via TMF @ 28.06/share (3X Bull ETF)
1) Upside breakout from channel/bull flag that began forming Aug/Sep 2019.
2) Convergence of 10 EMA (thin, black), 20 EMA (blue), 50 MA (purple)
3) Attractive entry point with pullback to 200 MA after 50/200 MA cross Jan 19
4) RSI breakout (15 Day RSI with 60 day EMA)
Long TLT via TMF @ 28.06/share (3X Bull ETF)