Direxion Daily BRKB Bull 2X Shares

The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of BKRB. TThe Fund invests at least 80% of its net assets in the securities of BKRB and financial instruments, such as swap agreements and options that, in combination, provide 2X daily leveraged exposure to BKRB.

Technical Observation (on the daily chart): 

BRKU has been in a significant uptrend, consistently making higher highs and higher lows. However, considering the swing highs, the price may enter a consolidation phase in the short term before making any further upward movement. The 14-day Relative Strength Index (RSI) is currently in overbought territory, indicating a potential for a short-term corrective move, which could ease the momentum. Nonetheless, BRKU's price is trading above its 21-period Simple Moving Average, which may serve as a support level in the near term. Key support and resistance levels will act as potential demand and supply zones.

Individuals can evaluate the ETF based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is March 20, 2025 (11:45 am PDT). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Note 4: ‘Kalkine reports are prepared based on the prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.