BETZ trade ideas
Roundhill Sports Betting & iGaming (BETZ) Short IdeaSuch a beautiful short setup for BETZ in my opinion. Just sharing my trading plan, not meant as advice.
$BETZ is below the channel, upside looks weaker$BETZ the popular betting ETF looks to be loosing some steam on the daily chart. The stock recently broke the bottom of the channel (that has a slight downward trend) and is now below the recently started 200MA. Our entry points for this stock are $25.x and $22.x ATM.
Look for a continuation to these points and then a trading scenario (in either direction).
We would like to see the stock distribution in the ETF changed slightly to provide possibly further growth.
Sports betting - a multi billion business globallyAnother requests from a follower based in Singapore. Here, in our country, there are many forms of sports betting like Singapore Pools where you can try your luck on sports betting like soccer matches, lottery tickets and horse betting.
Too bad, these are government owned and they are not publicly listed so they are not tradeable in the market. It is a different story outside Singapore like in US and Europe.
Here's one sports betting ETF and another gambling stocks , WMH for your reference.
Which is better ? On hindsight, simple mathematics would tell you to place your bet on WMH which has delivered more than 200% returns since August whereas BETZ ETF offers only 25% of that (about 50%).
Stock picking may not be for everyone as it can be a tedious task and involves time and effort to do research. ETF is much like a buffet spread where you can a wider selection and pays only one single price. Too bad, you do not get to choose the menu so one important aspect of ETF research is to look at the holdings and the weightage , apart from other things like expense ratio, years of returns, etc.
Ask any Singaporeans and they will tell you at one time or another, they have been to these Singapore Pools outlets to try their luck on buying lottery tickets especially during the festive seasons like Chinese New Year where the game prize can be up to S$5,000,000.
From chart, we can see both are a little overbought so I would wait for the price to retrace a little to the support line before initiating a long position.
As usual, I would leave the fundamentals side of this stock and ETF for you to find out more.
Long huge money to makeHuge potential big boost in market coming from cuomo about to pass legal gambling
Roundhill Sports ETF: Time to Watch: USAHappy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
BETZ swingtrade I like this swingtrade, but I also like BETZ as a long term ETF to watch / own / buy / trade and have fun with
NEW ETF ON THE MARKET !! MAJOR PLAYERS IN ONE ETFI HAVE A GREAT FEELING ABOUT THIS ONE, WITH OTHER STATES LEGALIZING GAMBLING, IM PRETTY SURE THIS ETF (BETZ)...ITS GOING TO DO WELL AS LAS VEGAS ITS GETTING READY TO REOPEN.
BY THIS WEEK WE SHOULD SEE PRICES AROUNG 16.50- 17.00.
PLEASE THIS IS JUST AN ASSUMPTION , IM NEW IN THE STOCK MARKET AND THIS IS MY 1ST PUBLISH IDEA. GOOD LUCK!!!
