TNA has some serious room to move. Even if you are bearish on the Russell, we could see a move to $80 in TNA and still maintain a bearish thesis. I illustrate how I think TNA could move up from here.
Comment and let me know what you think
TNA finally broke out of the downward channel, but is now retesting that as support. A pretty good risk reward spot here as it has the EMAs as additional support Looking for a red to green open.
Direxion Daily Small Cap Bull 3x Shares forms bullish "Double Bottom" chart pattern
"Double Bottom" chart pattern formed on Direxion Daily Small Cap Bull 3x Shares (TNA:NYSE). This bullish signal indicates that the stock price may rise from the close of $43.19 to the range of $54.00 - $57.00. The pattern formed over 102 days which is roughly the period of time...
And 3 times the losses ofc lol
But I believe small cos will outperform fuelled by short squeezes
I’m already long TQQQ but I believe this is a better play from here
Send it
GRI 2023
NOT TARDING ADVICE
Chart
Log
Linear fibs
Breakout
IHS
Bull div
I think small caps will outperform and be squeezed
I think this can get to that old high
But otherwise I’ll be targeting the 50% level
Send it
NOT TARDING ADVICE
Small cap bull. One to at h if you like small caps. Seems to be making a nice base. 4 hour open and close above 58 next key resiatnce 64-66 area. Would confirm falling channel breakout. Key support 50$ could be small descending trinagle as well with target of 74$
TNA recently did a bullish RSI cross, first targets are 65.96-70.17 local/trend resistance areas, if it can break above those then final target would be 89.07.
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To my friends,
TNA would be a nice dip buy between 57-58$ (let's say 57.92 and see how well this will plays out)
stop loss would be at 56.50.
TP1 68.38
final TP 73.32
or u can wait on confirmation of the 61.43 alert and set a stop limit buy order at 61.5
stop loss 61
same take profit whatever the entries
I charted IWM and it gave me about the same relative...
Lots of market breadth was eroded this year, with most small and micro-cap investors becoming frustrated by shameless levels of naked shorting across a lot of sectors, such is the frustration always felt in a wave-four correction. This may be a leveraged ETF but the structure here is undeniable. Our last chance at the big time!
With the S&P (ES1!) driven to...
TNA is approaching a hard support level - the support level has been tested a total of 5 times throughout the year and has always bounced back.
In addition, the upcoming January effect could be positively impactful for small cap index.
Currently long, riding the green line up to the upper resistance line. Cover and go short when price crosses below the lower ATR band or green line turns red. Not financial advice.
$IWM small caps may have just broken out of their consolidation phase that lasted quite a while.
We may know soon if it is legit. Needs volume still. Also, may need re-test at some point. Keeping
watch.
