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NAIL

NAIL a homebuilding leveraged ETF rising from support LONGNAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean anchored VWAP and has bounced and crossed over the latter. Relative strength lines are crossing over the 50 level and the relative volume is showing a gradual rise. This is the beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will take a long trade here expecting a swing trade for a few months. Targets are on the chart. They are based on the resistance rising trendline as well as the upper VWAP bands.
AMEX:NAILLong
by AwesomeAvani
1
RH appears ready to rise from its base LONGRestoration Hardware on the weekly chart rose from COVID and then retraced for almost two years. It appears now ready to experience some investor and trader interest once again. It is rising from the POC line of its long term volume profile. The trend strength indicator just inflected and curled upward. I like to catch trends early to get as much of a move as possible and before the chasing begins. This is a possible megacap short squeeze set up. Targets are 380 and 480 as horizontal levels of importance.
NYSE:RHLong
by AwesomeAvani
NAIL- an ETF of Homebuilders 3X leveragedNAIL- is an ETF of Homebuilders; It is 3X leveraged. Price is up over 30% in the first two weeks \ of June. It is shown here on the 30-minute chart with the "Market Bias" indicator which shows uptrends in green and pull-back zones in gray. Presently, price is pulling back - when the gray colored trend indicator changes back to green, an optimal entry can be made.The ADX indicator has topped out as part of the early pullback. When the ADX goes below 25 and then crosses 25 from below, an entry can be made. An ADX over 50 and rising suggests that it is too late for an entry and not to chase but rather wait for a pullback. Overall, NAIL's price is now in early pullback by the "Market Bias: trend indicator and the ADX which shows now a decreasing trend directional strength. Price is more than one standard deviation above the mean anchored VWAP which is an level that professional traders want to sell from. Because of all of this I will wait for an entry on NAIL until a pullback is completed and the uptrend bullish continuation is seen.
AMEX:NAILLong
by AwesomeAvani
1