Direxion S&P Biotech Bull 3X ETF (LABU)

[THREE-DAY-TRADER]

The technicals for a break out higher are still supportive with good potential currently, but a trader still needs to be vigilant & proactive, ready to exit this if things start to deteriorate again particularly if the feds interest rates continue to plague the market again.
And reverse splits you ask? They don't matter with these types of funds. Just trade thru them and don't worry about that here. It only opens & closes at the same % movement based upon underlying owned biotech components. For example, this mimicks closely the XBI each day.
I posted about this here a short while back in detail:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173066279
October 20, 2023. (reverse splits don't negative affect these funds)