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Lynxys

NAIL potential retest of breakout

Long
Direxion Daily Homebuilders & Supplies Bull 3X Shares (AMEX:NAIL)  
Lynxys Updated   
AMEX:NAIL   Direxion Daily Homebuilders & Supplies Bull 3X Shares
Trend Lines Support and Resistance lowes homedepot homebuilders
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trendline supportandresistance lowes homedepot homebuilders
I bought NAIL in the pullback this morning as I believe this is a retest of the breakout in the downtrend. The daily indicators also look strong right now.

I'm keeping a stop just below the previous lows at 62.94 since if this is a bull trend now, it shouldn't break that support.

I believe around a 30% gain is possible in this breakout if you can be patient. Good luck!
Trade closed: stop reached
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