rph2750

FAS Buy 70.85 stp, TP 72.10, SL 69.74

Long
AMEX:FAS   Direxion Financial Bull 3X Shares
Hidden divergence on three time periods.
Price unchanged, but RSI divergence down in an up trend and just coming off support -> buy signal.
TP 72.10, but could go higher
RR = 1.25
Shorter TP, could have entered Friday about 90 minutes before close, with better RR.
Back testing shows RR 1.25 to 2.0 with entries 3-4X/week.
Only check chart 3 times a day with this method.

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