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Is the DFEN dip buyable?
Direxion Daily Aerospace & Defense Bull 3X Shares
Lång
Is the DFEN dip buyable?
By AwesomeAvani
Följ
Följ
Uppdaterad
26 juli 2023
4
Heja
Heja
25 juli 2023
I think that the dip is very buyable. Fundamentally, Russia has made the world more
dangerous. Shipments of weapons to Ukraine have depleted US and European stockpiles.
NATO is in a growth mode as proposed by former president Trump some years ago.
While many would like less defense spending and shift it into social spending or
infrastructure or clean technology government funding. the pragmatics are that
national security is generally higher on the priority list. DFEN just dropped below
the high volume area of the volume profile on the 15 minute chart in a VWAP breakdown.
The relative strength lines did a bottom bounce on the indicator. I will exploit this
as a long buying opportunity looking to a modest 5% upside target at minimal risk.
26 juli 2023
Handel aktiv
DFEN trade is up 6.5% and now risk free having raised the stop-loss above the entry.
The dip buy is profitable and looking for more.
defencestock
defensestocks
DFEN
dipbuy
dipbuying
GD
LMT
Moving Averages
RTX
Volume
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