Blowing $DUST on my face

I’m going for the gold in $DUST for another try.  My first try was a winner due to a gap up on 4/15/2013 after I bought near the end of day on 4/12/2013.

Now, with a very decent volume so far that already exceeds the daily volume of the last few days, I believe $DUST may be gunning for the previous high of $119.63 again.  Take a look at the daily chart below.

DUST_daily

Price action already took out the high of the last nine days. I’m betting that this breakout has leg.  Notice both the momentum indicators are now pointing up.

Needless to day, I bought a starter position at the low $96.xx area.

Due to the nature of $DUST being a 3x ETF, this is a high risk trade.

My 2 cents.



Categories: DUST

Tags: , , ,

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