ROM - How to Take Advantage of moves in (ROM)

2024-06-29 05:58:00 ET

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Proshares Ultra Technology 2x Shares (NYSE: ROM) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for ROM change as time passes, and this should be updated in real time.  Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte

Instructions:

Use the basic rules of Technical Analysis.  Here are some examples: if ROM is testing support the signal is to buy and target resistance.  On the other hand, if resistance is tested, that is a sign to short, and target support.  No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for ROM too.  All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for ROM

• Buy ROM slightly over 64.74 target 70.87 stop loss @ 64.55
• Short ROM slightly under 70.87, target 64.74, stop loss @ 71.07

Swing Trading Plans for ROM

• Buy ROM slightly over 70.87, target 72.91, Stop Loss @ 70.67
• Short ROM slightly near 70.87, target 68.81, Stop Loss @ 71.07.

Day Trading Plans for ROM

• Buy ROM slightly over 70.42, target 70.87, Stop Loss @ 70.26
• Short ROM slightly near 70.42, target 68.81, Stop Loss @ 70.58.

ROM Technical Summary | Raw Data for the Trading Plans