GUSH trade ideas
GUSH potential >1000% gainsOil and gas have fallen drastically since the beginning of January when Russia and Saudi Arabia decided to lower oil prices to drive the Americans out of business. However, even though these two oil giants have extra money, they need to make profits and in turn, raise prices. This will cause the stock to rise, and since it is a 2x leveraged ETF, it will rise twice as fast.
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GUSH: I don't think Oil has bottomed but it is due for a wave 4 bounce. The depth of the wave 3 drop was such that a fib 38.2 bounce should take it from $7 to $39. The 50 bps cut in the interest rate should help all commodities as a lower interest rate negatively impact the USD against which all commodities, including oil are priced in.
GUSH possible reversalHey everyone :)
I am not a good trader, please do not copy me. I usually trade crypto but I suck at TA. Not financial advice.
I was wanting to pick up some Oil and I decided an ETF is better... This ETF is 3x leveraged.
I bought in 399 shares @ $1.06. Shortly after the price dropped down to $0.94 and bounced back up to ~$1.59 just before close, printing a green cross candlestick with lots of volume.
I don't know for sure, but I think this is a bottom / trend reversal.
Please only hit thumbs up if you think this reversal will happen.
~ MooCat / LeshaCat / EasyX Admin / PEXA supporter
GUSH Long IdeaThe price of GUSH is finally moving sideways instead of down. The price is being supported by the lower long term trend line. Very high selling volume, maybe reaching an end. I still don't have a buy signal for GUSH yet but its close. What interests me is the BUY signal I got in USOIL . If OIL moves higher, and it appears as if it is, can GUSH not be far behind?
GUSH back to $30GUSH/DRIP respect the hell out of common supports and resistances repeatedly. This move will be no different.
GUSH Long ideaIf you have been watching oil and the energy sector you've seen quite a decline lately. It could be that the energy sector bottomed 2 days ago. Look at that lower trend line. touched several times and very nice gains after ward. I would be willing to bet the bottom is in for GUSH. I usually like to wait to see the price regain the 10 sma and get above the supporting moving averages. BUT, if your brave. A low risk setup because you can set your stop at the recent low.
GUSH I know this is a 3x etf and we have to account for decay, but DAMN, possibile R/R on this is quite nice
GUSH [NYSE] Direxion long.All description on the chart.
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Thank you.
Potential 30%+ on GUSHGush has received confirmation on the 15 minute EMA for an uptrend that can potentially yield a 30%+ return. Great buy opportunity with GUSH.
Corner Trade 14 X RISKThis corner trade has now revealed itself. With a clear wash and rinse into structured support. Waiting for price to come back into a buy order and a structured stop below. This proposed trade will offer 14 X return to risk levels.
Buy order set at 2.64 with a current stop of 2.45
Current Targets Selling 50% of position at each are:
Target 1 at 4.52
Target 2 at 6.22
Expected Profit: 2.73
Loss: -.19
Risk/Return (2.73/.19)= 14.37 X
GUSHCould this be a reality - The minor oil companies are heavy oversold and have lost a lot.
maybe get some help from the oil data of the stockpiles of today.
Stay TUNED
