$Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ After a pretty brutal crash, KORU has bounced 75% off the low of 11.65. A lot of that wipeout seemed to come from over-leveraged Korean retail traders getting blown up on margin calls.
From where I stand, that's exactly why I scale into and out of leveraged products gradually. I never go all-in on a single ETF at once and I never touch margin. Some of those Korean traders just come across as a bunch of amateurs to me. LOL
The moving averages still look weak, but RSI and MACD are starting to show some bullish recovery signs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
