SKF - How to Improve The Timing of Investment Decisions in Proshares Ultrashort Financial #SKF
Some people say that #timing does not matter, but it does. If you were to #buyandhold Proshares Ultrashort Financial (NYSE: SKF) at a high, see it fall, and not be able to buy more on the dip like the big boys can, that would be troubling. Over time, Stock Traders Daily has found a way to lessen the odds of this happening. Below, we provide data for SKF that can be used to help achieve this goal. The data can be used to improve the timing of buy and sell decisions. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Weak | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 9.48 | |||
| P2 | |||
| 10.69 | |||
| 10.65 | |||
| 10.90 | |||
| P3 | |||
| 10.95 | |||
| 10.92 | |||
| 12.43 |
Long Term Trading Plans for SKF
April 29, 2021, 12:45 am ET
The Technical Summary and Trading Plans for SKF help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SKF Report.
SKF - (Long) Support Plan
The technical summary data tells us to buy SKF near 9.48 with an upside target of 10.90. This data also tells us to set a stop loss @ 9.45 to protect against excessive loss in case the stock begins to move against the trade. 9.48 is the first level of support below 10.705 , and by rule, any test of support is a buy signal. In this case, support 9.48 would be being tested, so a buy signal would exist.
SKF - (Short) Resistance Plan
The technical summary data is suggesting a short of SKF as it gets near 10.90 with a downside target of 9.48. We should have a stop loss in place at 10.93though. 10.90 is the first level of resistance above 10.705, and by rule, any test of resistance is a short signal. In this case, if resistance 10.90 is being tested, so a short signal would exist.