WEBL Long - ETF breaks ~$20 resistance after 2 years.AMEX:WEBL breaks $21 after 2 years.
Been holding from $13 since 2022.
Up-bound !!!
Key stats
About Direxion Daily Dow Jones Internet Bull 3X Shares
Expense ratio
1.00%
Home page
Inception date
Nov 7, 2019
WEBL is passively managed to provide 3x leveraged daily exposure to the Dow Jones Internet Composite Index. The index is composed of the 40 largest and most actively traded U.S. internet technology and commerce companies. Companies selected are determined by the Index Provider to derive a majority of their sales from activities such as online retail, social media, advertising, travel platforms, cloud computing or digital marketing. Because of daily rebalancing and the compounding over time, the return of the Fund for periods longer than a day, will very likely differ from 300% of the return of the Index over the same period.
Classification
What's in the fund
Exposure type
Technology Services
Cash
Stock breakdown by region
We Bull!The Dow has to make a new ATH and to do it these stocks have to join the party.
Unemployment rate climbs as DOW makes ATH, then rate cuts will cut the DOW in half over next year.
WEBL 3X LEVERAGE DOW JONES LONGAMEX:WEBL
The WEBL moves well owing to its leveraging.
At present on the chart, WEBL is near support
after a downtrend. I have picked a target
based on a retracement of that downtrend
to the middle Fibonacci level. This target
also has confluence with the VWAP band
and the upper boundar
Mid-term upswingI do know nothing about this etf.
But I think it will go up because of technicals.
I will be right if I am lucky.
Let's see if I am luckly
DIREXION: New 3x ETF Poised for Gains in 2020This is a brand new (about 2 months old) leveraged ETF that was brought-about recently that looks fairly promising in my opinion for 2020. Many of the stocks in this etf actually have significant promise in 2020 and many of them consolidated in 2020 and actually have the potential to "grow" and "cat
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Displays a symbol's price movements over previous years to identify recurring trends.