LABU update — I mentioned in one of my last post that LABU would jump up to $36/$38 and with momentum on our side, it is very likely going to tag (and possibly breach) $40 before we see a pull-back of any kind.
Intraday charts are still very bullish and showing no signs of divergence. I would advise everyone to ‘Hold’ their position at this point — momentum is your friend, ride the wave!
Ps: I would also advise against shorting OIL at this point folks And I would also advise against trying to pick a top in the Markets. Let's not be be a Hero's.
Good traded to you all
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