According to Stock Traders Daily, a 20-year industry veteran, #investors can use the #priceaction in Proshares Ultra Msci Brazil (NYSE: UBR) to foretell upcoming changes. A current example is provided below. There are trading plans for UBR, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Strong | Strong |
P1 | 0 | 0 | 27.40 |
P2 | 30.50 | 32.52 | 32.48 |
P3 | 33.36 | 34.48 | 37.79 |
Long Term Trading Plans for UBR
May 9, 2021, 2:15 pm ET
The Technical Summary and Trading Plans for UBR 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 UBR Report.
UBR - (Long) Support Plan
The technical summary data tells us to buy UBR near 32.48 with an upside target of 37.79. This data also tells us to set a stop loss @ 32.39 to protect against excessive loss in case the stock begins to move against the trade. 32.48 is the first level of support below 35.6513 , and by rule, any test of support is a buy signal. In this case, support 32.48 is being tested, a buy signal would exist.
UBR - (Short) Resistance Plan
The technical summary data is suggesting a short of UBR as it gets near 37.79 with a downside target of 32.48. We should have a stop loss in place at 37.9though. 37.79 is the first level of resistance above 35.6513, and by rule, any test of resistance is a short signal. In this case, if resistance 37.79 is being tested, a short signal would exist.