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oside4
4. Mai 2022 05:13

GUSH bullish for swing trade Long

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X SharesArca

Beschreibung

GUSH part of broadening ascending wedge. This pattern is a bearish, but it bounced off support (5/2/2022). I expect it to make a bull run to 200 - a previous high recently. Petro is tightening supplies and now there is talk of trucking crisis this summer. The volatility in equities, commodities, talk of war and russian santions make this something I would not hold long. Bear break below the support side of the wedge could be falling knife.
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