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Direxion Daily Dow Jones Internet Bear 3X SharesDirexion Daily Dow Jones Internet Bear 3X SharesDirexion Daily Dow Jones Internet Bear 3X Shares

Direxion Daily Dow Jones Internet Bear 3X Shares

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Continuation Wedge (Bullish) | 37% move possibleDirexion Daily Dow Jones Internet Bear 3X Shares forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS:NYSE). This bullish signal indicates that the stock price may rise from the close of $20.30 to the range of $27.00 - $28.50. The pattern formed over 15 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: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
AMEX:WEBSLong
by moneytalkstome
Ascending TrianglePrice is at resistance. Neutral pattern until broke. No recommendation. Leveraged. Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives in stocks of companies operating across consumer discretionary, online travel agencies, media and entertainment, interactive media and services, interactive media and services, media, advertising, retailing, internet and direct marketing retail, internet and direct marketing retail, financials, diversified financials, diversified financial services, information technology, software and services, online services, business-to-business (b2b), b2b commerce, online research services, social media and networking platforms, it services, internet services and infrastructure, communication services sectors. It employs short strategy and uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track -3x the daily performance of the Dow Jones Internet Composite Index. Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear 3X Shares was formed on November 7, 2019 and is domiciled in the United States. The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Dow Jones Internet Composite Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the index or to ETFs that track the index. The index includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the index provider. It is non-diversified. Benchmark: DJ Internet Composite USD
AMEX:WEBS
by lauralea
Bullish SharkLeveraged and Volatile. This moves 3 times the market moves both up and down. Crooked M. Last leg down appears to have terminated at the .886. Peak 2 is higher than peak 1. No recommendation. Possible stop under 23 or where you see support. Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives in stocks of companies operating across consumer discretionary, online travel agencies, media and entertainment, interactive media and services, interactive media and services, media, advertising, retailing, internet and direct marketing retail, internet and direct marketing retail, financials, diversified financials, diversified financial services, information technology, software and services, online services, business-to-business (b2b), b2b commerce, online research services, social media and networking platforms, it services, internet services and infrastructure, communication services sectors. It employs short strategy and uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track -3x the daily performance of the Dow Jones Internet Composite Index. Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear 3X Shares was formed on November 7, 2019 and is domiciled in the United States. The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Dow Jones Internet Composite Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the index provider. It is non-diversified. Benchmark: DJ Internet Composite USD
AMEX:WEBSLong
by lauralea
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