$TNA small caps still yet to see serious money flow.Nice money flow into smalls today. But that chart is still bearish. Look out above the 200d.
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TNA trade ideas
TNA Stock Chart Fibonacci Analysis 022123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 39/61.80%
Double Bottom | 35% move possibleDirexion 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 - $57.00. The pattern formed over 102 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend.
The Double Bottom pattern forms during a downtrend as the price reaches two distinct lows at roughly the same price level. Volume reflects a weakening of the downward pressure, tending to diminish as the pattern forms, with some pickup at each low, less on the second low. Finally the price breaks upward above the highest high to confirm the bullish signal.
TNA 3x The Gains And 3 times the losses ofc lol
But I believe small cos will outperform fuelled by short squeezes
I’m already long TQQQ but I believe this is a better play from here
Send it
GRI 2023
NOT TARDING ADVICE
Chart
Log
Linear fibs
Breakout
IHS
Bull div
Total Non-stop ActionI think small caps will outperform and be squeezed
I think this can get to that old high
But otherwise I’ll be targeting the 50% level
Send it
NOT TARDING ADVICE
TNA Small cap bull. One to at h if you like small caps. Seems to be making a nice base. 4 hour open and close above 58 next key resiatnce 64-66 area. Would confirm falling channel breakout. Key support 50$ could be small descending trinagle as well with target of 74$
lovely double bottom bounce 🧐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.
like and follow for more! <❸
IWM / TNA next few days will decide...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 entries and target. I just like the 3x leverage
if we break under 57.15 I'll short it
we play the short side with a stop at 58
TP1 50.20
Final TP 45.26
i believe some of the growth name are consolidating at 52weeks low. might give IWM/TNA a boost, while SPY is fighting for his life not to break under 400
I think spy will drift down slowly to 404.65 lets make it 400 psych number.
while being choppy money might rotate to growth play.
#NOTFINANCIALADVICE
because if I would be right I would be rich af.
TNA bullish in 15 min chart. Going up to $60 -$62Going UP very quickly in the next few days.. Possibly the target price is $62.50.
Small Cap Rotation - EpicLots of market breadth was eroded this year, with most small and micro-cap investors becoming frustrated by shameless levels of naked shorting across a lot of sectors, such is the frustration always felt in a wave-four correction. This may be a leveraged ETF but the structure here is undeniable. Our last chance at the big time!
With the S&P (ES1!) driven to insane levels by only a handful of tickers, we have some time left to take us to levels in excess of 5000+
Because of the ridiculous valuation levels, I expect we may not see the same returns in big-cap tech and instead see rotation into small and micro-cap value and tech.
I have loaded a huge bag since mid-2021 along the line of this thesis, and I can tell you personally the turning point is here.
BOTTOM IS IN? - I think so yes, note the confident bounce here from a lower low with bullish divergence.
The chart is annotated with an Elliott wave count showing that we are completing a W4 consolidation that began in Feb 21, a fib extension to 230+,
The yellow line on March 21 shows when I expect the market may begin to show exhaustion which is the time I expect to go to cash and maybe some VIX calls. (timing is not exact but an indication)
Check out my ISWH chart for my favourite stock that sits at the nexus of crypto leverage and small-cap OTC.
TNA is approaching a hard support levelTNA is approaching a hard support level - the support level has been tested a total of 5 times throughout the year and has always bounced back.
In addition, the upcoming January effect could be positively impactful for small cap index.
TNA AnalysisCurrently long, riding the green line up to the upper resistance line. Cover and go short when price crosses below the lower ATR band or green line turns red. Not financial advice.
Small caps consolidation over?$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.
TNA Bouncing Back Nicely. Small Caps To The Moon! Jesus is LordTo me, TNA looks like it is returning from a possible oversold position (RSI). It seems to be following the support trend line seen on the chart. The MACD might be converging to bullish. I'm liking this trade setup. I'm long, but I'm not necessarily correct. It could go to zero. My account could be worth zero. Don't invest based on my opinion, you could lose all of your money. Jesus is Lord.
LOADING UP ON TNA TNA which is the Direxion Daily S&P Small Cap 3x leveraged is an ETF that I just came across. I usually trade TQQQ and SPXL while carrying a small position overnight in order to mitigate my risk from daily rebalancing of the leverage ETFs. TNA has run up under 980% since the COVID - 19 sell off and is approximately 40% above its pre - pandemic high. I have heard that small cap stocks will lead the charge up or down before there's a market turn in the S&P 500.
I'm looking at two entry points for this ETF. My first entry point will be at $89.92 and my second position will at $71.32. Due to TNA being a leveraged ETF the goal is to take a small position relative to my account and potential day trade the TZA (the inverse) or TNA with a larger position. I am very bullish on the market and I am loving the pullback that we are experiencing. Based on past analysis, TNA hit a resistance and then pulled back towards a support at $71.32 before breaking through its resistance - and now support - at $89.92 creating a new resistance. The sell off from the resistance at $104.14 looks healthy but I am looking for a bounce off of $89.92 here. TNA is holding its 15 and 50 day EMA strongly after breaking below its 5 day EMA. I will cut my position and turn bearish on TNA if we break below the 50 day EMA. This is the first post that I have made and I am looking to create more whether my analysis is correct or wrong. Thank you in advance for any feedback that readers provide me with as I am looking to do this full time!
TNA ShortTNA Short
60 min trendline break
Short 97
Stop 106
Target 75
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$TNA trend up. Stay dumb follow price$QLD $SSO are strong but small caps are on a tear. Follow price.
Pfizer News and Less Election Uncertainty - TNAFutures continue to sky rocket after Pfizer's news and the continue rally from less election uncertainty. TNA, a leveraged etf was up more than 20% during pre market hours. It has broken out from its previous uptrend and is now in high gear. Wait for a pull back in the next two weeks. Long.
