EVAV a 2X leveraged EFT of EV Stocks Pullback Long
EVAV in the past six weeks rose about 90% and then faded 5% in a correction
or pullback. This may be a buying opportunity. Price is heading down into the
area of the two mean VWAP lines where I will look for a bounce. Professiona
traders like to buy in the area of VWAP and so I expect high trading volumes
there are big traders take large positions.sThe high TF relative strength
line in black is holding steady The low TF relative strength line in blue
is in the range of 30. I expect the price to reach this buy zone in the next
couple of days and upon a confirmed reversal I will take a long trade targeting
108 in the area of the recent highs and the second deviatiion lines in thin
red.
or pullback. This may be a buying opportunity. Price is heading down into the
area of the two mean VWAP lines where I will look for a bounce. Professiona
traders like to buy in the area of VWAP and so I expect high trading volumes
there are big traders take large positions.sThe high TF relative strength
line in black is holding steady The low TF relative strength line in blue
is in the range of 30. I expect the price to reach this buy zone in the next
couple of days and upon a confirmed reversal I will take a long trade targeting
108 in the area of the recent highs and the second deviatiion lines in thin
red.