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Hello friends welcome to my channel and thanks for watching this video friends in this video we're going to discuss about so Excel or Direction daily semiconductor bull 3x shares now this is an ETF but there are many people which may consider this as a stock whatever it is the ticker symbol is so Excel now if you are looking at this is the weekly chart and we have almost all the data we have here and you can clearly see a correction of nearly uh 91 percent from the top has already been done so this is a huge correction that has happened and with this most of the accessors are now out of the system and you know if you want to be in this kind of trades or you can consider this as an investment you have to be there for the long amount of time the longer the better you know you cannot make some big gains in a short amount of time you may make some quick gains that a different thing but you know making some huge gains is not at all possible over here in a short amount of time because they are moving on weighted average and they are not moving solely on any number as you can see if you are holding it from the lows of 2011 it has giving you a humongous return of 18 000 percent and with the correction we have here it is still giving a return of 3600 percent so you must understand what is happening and you have should have or you must have the patience to hold on to the levels or to hold on to the trends that we have here now what do we have as far as the price action is concerned so this is the trend that you can see in front of you and you may not find very difficult to understand it so what do we have here we have our support and stop loss of six and a half dollars on the downside so please do not go below 6.5 as far as the lower end of the range is concerned not talking about the upside we have some equally calculatable moves but this is for the next couple of years this is not at all for the short term and the big swing the big range that we are looking at as far as the next couple of years are concerned it will be in between 150 and 500 dollars in the next couple of years so this is what we are going to look at as far as the price chart of so Excel is concerned there now there are also some people also ask questions so I'll try to answer it based on the price chart we have in front of us so question number one is so Excel a buy or sell now it is right now it is definitely a buy and uh you just need to make sure that ISO Excel is holding above 6.5 that's it but you know for the majority of time these can uh the these type of Trades uh must be a buyable one if you are getting a big downside okay whenever you are getting a big downside and number question number two what stocks makes up so Excel so you can go to Google and type so Excel stock constituents and you will get the list of the stocks which are listed over here question number three is so Excel a good long-term investment yes indeed this kind of uh you know stocks or ETFs are good for long term investment I have already said these are the ones which we one should consider for long-term investment because instead of volatility when the market is good these kind of ETFs can give you a compounding return over a period of time with lot more stability compared to any stock because whenever it goes down the the probability of moving back higher is you know is always there and you should have that relief in your mind now question number four is so Excel bullish yes right now with the kind of Correction it has given it is indeed a bullish Trend and you can clearly see how so Excel has moving is moving and if it continues to hold on to its support level or more you will have a big Trend in the upcoming years going forward so this is the end of the video thanks for watching
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