Looking at the chart and recent news events, the stock presented a somewhat bearish performance throughout the day but managed to close at a higher value than it started. There was a steep drop in price around 11:00, but it rallied for a brief period before settling on a downward trend until the end of the day. This can be viewed as a minor correction in an overall upwards trend. The volume trends also suggest Sell action was slightly heavier, particularly during the 11:00 price drop. Key resistance was observed around the 17.7 level while key support was found around the 17.3 level, and the stock played around these levels for the most part of the day. On the news front, there were multiple articles pointing out the historical performance of leveraged ETFs, with a generally positive sentiment. This could be a contributing factor to the recovery seen after the dip lowering down to 17.3. Future trends could be dictated by similar news sentiment along with overall market trends.