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Direxion Daily Latin America Bull 3X ETF Message Board

  • hectorjgr hectorjgr Mar 1, 2012 2:13 PM Flag

    Fine daily and weekly chart

    Today BO long descending trendline started on early May 2011.
    BO top of triangle from Oct 28 2011 (lower line coming from end Dec 2011. Around BO from upper BBand, all after golden crosses MA 20 MA 50 and MA 100.
    Broke thru Pivot resistance R1 110.28 (next R2 @ 114.28) Current Support @ 104.24

    Nice cup and handle formation from last Oct 28 up to date. Medium term target 160 with some transitory pullbacks.

    Do you dd. I¨m invested

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    • I don't know what you just wrote. However, I do agree that LBJ is going much higher. My original prediction for LBJ was to hit $140 in 2012, although it does seem as though LBJ may soar higher than that this year. 2012 is shaping up to be a monster year for stocks.

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