iBankCoin
Joined Jan 1, 1970
509 Blog Posts

Leveraged Inverse ETFs: Technical Update

For those of you who like juggling diamondback rattlesnakes, I give you leveraged inverse ETFs. Here are the current buys.

Buy. Bullish low pole reversal pattern. Resistance at 57.

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Buy. Broke a double top. Resistance at 126. Target objective is 132.

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Bullish pattern developing. OK to Buy here. Downtrend reversed, but still vulnerable to downside. A move to above 34 initiates a double top breakout. Resistance at 41.

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Buy. Bullish low pole reversal pattern. A move to 36 initiates a double top breakout. Resistance at 44.

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Buy. Double top breakout. Target price is 71. Near term resistance at 61.

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This is a Buy. Double top breakout confirmed last Friday. Price objective is 91. Heavy near term resistance from 81 – 83. Corroborates the analysis by The Fly’s chart chomping fool.

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Disclaimer: This information is not intended to be used as the primary basis of investment decisions. Because of individual investors requirements, it should not be construed as advice designed to meet the particular investment needs of any investor. Consult your financial advisor prior to taking any actions. The information and opinions contained here are those of the author and are not necessarily the same as those of iBankCoin, its principals or its affiliates. The author may have a position in one or more stocks mentioned here. Trade at your own risk.

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