How to trade Proshares Ultra Gold $UGL With Risk Controls


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Review the UGL Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Weak Neutral Strong
P1 0 0 65.87
P2 63.61 60.26 72.84
P3 65.00 64.02 80.23

Long Term Trading Plans for UGL

January 24, 2021, 6:30 pm ET

The Technical Summary and Trading Plans for UGL 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 UGL Report.

UGL - (Long) Support Plan

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

UGL - (Short) Resistance Plan

The technical summary data is suggesting a short of UGL as it gets near 65.87, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 66.06. 65.87 is the first level of resistance above 64.36, and by rule, any test of resistance is a short signal. In this case, if resistance 65.87 is being tested, so a short signal would exist.


UGL Long Term Analysis for January 24 2021

Swing Trading Plans for UGL

January 24, 2021, 6:30 pm ET

The Technical Summary and Trading Plans for UGL 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 UGL Report.

UGL - (Long) Support Plan

If 65.87 begins to break higher, the technical summary data tells us to buy UGL just over 65.87, with an upside target of 72.84. The data also tells us to set a stop loss @ 65.68 in case the stock turns against the trade. 65.87 is the first level of resistance above 64.36, and by rule, any break above resistance is a buy signal. In this case, 65.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

UGL - (Short) Resistance Plan

The technical summary data is suggesting a short of UGL if it tests 65.87 with a downside target of 64.02. We should have a stop loss in place at 66.06 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


UGL Swing Trading Analysis for January 24 2021

Day Trading Plans for UGL

January 24, 2021, 6:30 pm ET

The Technical Summary and Trading Plans for UGL 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 UGL Report.

UGL - (Long) Support Plan

If 65.00 begins to break higher, the technical summary data tells us to buy UGL just over 65.00, with an upside target of 65.87. The data also tells us to set a stop loss @ 64.85 in case the stock turns against the trade. 65.00 is the first level of resistance above 64.36, and by rule, any break above resistance is a buy signal. In this case, 65.00, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

UGL - (Short) Resistance Plan

The technical summary data is suggesting a short of UGL if it tests 65.00 with a downside target of 64.02. We should have a stop loss in place at 65.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.00, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


UGL Day Trading Analysis for January 24 2021


UGL Dividend Chart for January 24 2021

UGL PE chart for January 24 2021

UGL PEG chart for January 24 2021

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