Cup and Handle
This is LEVERAGED.
Cup and handle has broken out. Probable pull back inside the bands, or even to the MA (moving average, red line and this like will be moving with price as will the bands) as price has pierced upper trendline of Bollinger Bands set on an 80 moving average. Resistance overhead from previous gaps down.
Small cup within a larger cup. HL (Handle Low) can provide support. Mid cup can also provide support. You can find mid cup by subtracting cup low from cup high and dividing by 2.
I bought this a few months ago but if you are not in this, maybe wait for a pull back. Plus whenever I see a long leg up, I look for a probable pull back.
Not a recommendation
Yearly high is 388.40 3 year high is 19020
Top 10 Holdings
SPDR® S&P Oil & Gas Explor & Prodtn ETF
23.47%
Dreyfus Government Secs Cash Mgmt Admin
16.80%
Goldman Sachs FS Treasury Intms Instl
15.78%
S&P Oil & Gas Explor And Prod Select Index Swap
0.89%
S&P Oil & Gas Exploration & Prod Selind Index Swap
2.90%
Goldman Finl Sq Trsry Ins
Cup and handle has broken out. Probable pull back inside the bands, or even to the MA (moving average, red line and this like will be moving with price as will the bands) as price has pierced upper trendline of Bollinger Bands set on an 80 moving average. Resistance overhead from previous gaps down.
Small cup within a larger cup. HL (Handle Low) can provide support. Mid cup can also provide support. You can find mid cup by subtracting cup low from cup high and dividing by 2.
I bought this a few months ago but if you are not in this, maybe wait for a pull back. Plus whenever I see a long leg up, I look for a probable pull back.
Not a recommendation
Yearly high is 388.40 3 year high is 19020
Top 10 Holdings
SPDR® S&P Oil & Gas Explor & Prodtn ETF
23.47%
Dreyfus Government Secs Cash Mgmt Admin
16.80%
Goldman Sachs FS Treasury Intms Instl
15.78%
S&P Oil & Gas Explor And Prod Select Index Swap
0.89%
S&P Oil & Gas Exploration & Prod Selind Index Swap
2.90%
Goldman Finl Sq Trsry Ins
Comment:
This moves in Either direction (up or down so is risky) at twice the rate of energy, oil, gas and consumable fuels, oil and gas exploration and production sectors