$BETZ is below the channel, upside looks weaker

26 июл. 2021 г.BETZ the popular betting ETF looks to be loosing some steam on the daily chart. The stock recently broke the bottom of the channel (that has a slight downward trend) and is now below the recently started 200MA. Our entry points for this stock are 25.x and 22.x ATM.

Look for a continuation to these points and then a trading scenario (in either direction).

We would like to see the stock distribution in the ETF changed slightly to provide possibly further growth.