EVAV a 2X leveraged EFT of EV Stocks Pullback Long

EVAV in the past six weeks rose about 90% and then faded 5% in a correction

or pullback. This may be a buying opportunity. Price is heading down into the

area of the two mean VWAP lines where I will look for a bounce. Professiona

traders like to buy in the area of VWAP and so I expect high trading volumes

there are big traders take large positions.sThe high TF relative strength

line in black is holding steady The low TF relative strength line in blue

is in the range of 30. I expect the price to reach this buy zone in the next

couple of days and upon a confirmed reversal I will take a long trade targeting

108 in the area of the recent highs and the second deviatiion lines in thin

red.