Not a bad day for the fund, Direxion Daily Nflx Bull 2x Shares has returned 7.50% today, hey can't complain about that. Investors seem to feel optimistic about the market segment.
The company isn't at an immediate support or resistance level that might be predictive. But we can consider it's momentum, Direxion Daily Nflx Bull 2x Shares has seen a lot of selling over the last year which hasn't let up, this thing has really been sliding. People who bought the ETF have lost -67.22 percent over the last 12 months, not great! I would wait until it get to a better support level before rolling the dice on this one. NFXL might find some support at the 27.02 level, buyers might push the price back up from here. But it's not very clear what will happen.
