SPXL - Breakout Ceiling of Falling Trend Channel

- SPXL has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- SPXL is moving within a rectangle formation between support at 62.45 and resistance at 83.75.
- A decisive break through one of these levels indicates the new direction for the stock.
- The stock has marginally broken up through resistance at 75.00.
- Overall assessed as technically neutral for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN

Verify it first and believe later.