$LABU broke out yesterday. I was attracted to trade this one by all the UPGRADES going on in biotech:
$LABU DAILY chart
$LABU WEEKLY chart
p.s. Just sold 1/16th of my full load on $LABU and just added those gains to my nibble on $SOXL which was also abetted by all the UPGRADEs going on in the semi sector. Will go full load on $SOXL on a bullish crossover of the 20 x 50 EMAs on the daily chart.
$SOXL daily chart
$SOXL weekly chart
NOTE: If you’re not a confident T/A trader with fast reflexes and the ability to multi-task during the trading day, I highly recommend that you DO NOT trade either of these 3x vehicles. These two names can rip your face right off your skull if you’re the panicky type who doesn’t plan ahead.