ABC BullishLeveraged so can go up a lot in a short time but can turn on you in a heart beat!
AB leg is often used to caculate targets..lenth of AB leg is added to long entry level using FIB levels. Long entry level is subjective but is when price breaks the BC leg in a clear uptrend.
Not a recommendation
No rising wedges in yearly chart noted
Yearly low is 30.10 (wish i had got in then (o:
All time 3 year high is 250.20
Noted to be volatile so be safe!
NV and OBV are very high.
R overhead at prior gap down..
Direxion Daily Robotics, Artificial Intelligence, & Automation Index Bull 2X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of global developed region. It invests through derivatives and through other funds in stocks of companies operating across information technology, software and services, software, application software, enterprise software, logistics software, inventory management software, systems software, automation products and services, software research, artificial intelligence software sectors. The fund uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track 2x the daily performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index. Direxion Daily Robotics, Artificial Intelligence, & Automation Index Bull 2X Shares was formed on April 19, 2018 and is domiciled in the United States.
The investment seeks daily leveraged investment results, before fees and expenses, of 200% of the daily performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index. The fund normally invests at least 80% of its net assets in financial instruments, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to provide exposure to exchange-listed companies in developed markets that are expected to benefit from the adoption and utilization of robotics and/or artificial intelligence. It is non-diversified. Benchmark: Indxx Global Robotics&AI Thematic USD
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