Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF Price & Performance (PILL)

The Direxion Daily Pharmaceutical & Medical Bull 3x Shares (PILL) continues to present opportunities for traders. Resistance levels at $7.12 and $7.33 are key for short and long positions, respectively. Analysts recommend monitoring these levels closely, as they signal potential buy or sell opportunities depending on price movement.1

Technical data suggests shorting PILL near resistance levels of $7.12 or $7.33, with downside targets of $6.92. Stop-loss placements are critical, set at $7.14 or $7.35, to mitigate risks. Traders are advised to act cautiously and follow resistance tests to determine optimal entry points for shorting.2

Breaking resistance levels, such as $7.12 or $7.33, could trigger buy opportunities for PILL, with potential upside targets of $7.33 or $8.24. Stop-loss placements at $7.10 or $7.31 are advised to limit losses. Monitoring these levels ensures traders capitalize on potential upward momentum.12