Therefore, it is a highly speculative ETF and should be traded only by the most proficient and savvy traders. But for those who have the experience and are able to risk the capital, it can provide a very fast trade.
TZA’s support now rests at $17. If the Russell 2000 falls under its major support line at 785, TZA could trade to $24 very quickly.
This leveraged ETF is meant for day traders, but could be held for several weeks. However, as noted, this is for experienced traders and speculators only.
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