BULZ is a 3X leveraged version of the Cathie Wood ETFs. As shows on the
2H chart BULZ broke out of the fair value channel of the anchored VWAP bands
in bullish momentum Not a coincidence. In three months it has gained over 110%
or 35% per month compounded. The MACD indicator shows the lines peaking over
the histogram a cross of them is pending. The mass index indicator shows a signal
into the reversal zone and falling as if about to trigger. This is a VWAP breakout
at its best. It jumped 7 % in one day and now needs a pullback reset.
My trading plan is simple. I will watch for a pullback to the blue line one standard
deviation above the mean VWAP. I expect a bounce off that dynamic support. The trade
will be a long-duration one until the technology sector cools off. Any future pullbacks to
the blue VWAP will have an incremental add to the position. Any pops in price over the second
VWAP line above the mean ( a line not visible here) will be used to signal a sell of a portion
of the position. All in all, this will compound realized profits while underway.
2H chart BULZ broke out of the fair value channel of the anchored VWAP bands
in bullish momentum Not a coincidence. In three months it has gained over 110%
or 35% per month compounded. The MACD indicator shows the lines peaking over
the histogram a cross of them is pending. The mass index indicator shows a signal
into the reversal zone and falling as if about to trigger. This is a VWAP breakout
at its best. It jumped 7 % in one day and now needs a pullback reset.
My trading plan is simple. I will watch for a pullback to the blue line one standard
deviation above the mean VWAP. I expect a bounce off that dynamic support. The trade
will be a long-duration one until the technology sector cools off. Any future pullbacks to
the blue VWAP will have an incremental add to the position. Any pops in price over the second
VWAP line above the mean ( a line not visible here) will be used to signal a sell of a portion
of the position. All in all, this will compound realized profits while underway.
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