8.7 C
New York
Sunday, November 24, 2024
HomeMarkets
Markets

Shorting Russell 2000, Joe says nice looking breakout

By kimblechartingsolutions
0
85
psw-placeholder
psw-placeholder

Courtesy of Chris Kimble.

joefridayrussellinversebreaksoutsept4

CLICK ON CHART TO ENLARGE

The Russell 2000 inverse ETF (RWM) has had a rough 6-years, falling a ton in price ($500 to $62). If one has owned if for a long-time, its not been fun to say the least.

A couple of weeks ago RWM broke above triple resistance at (1) above and Premium Members bought the ETF on the breakout.

At this time the price action looks ok.

Should RWM break above $66, it has the potential to take off!

If you would like to receive this type of information on a daily basis, I would be honored if you were a Premium Member.

Click below for Premium Member sign up

click here button

–

To become a member of Kimble Charting Solutions, click here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,467FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x