Learn to Evaluate Proshares Ultrashort Ftse Chin (FXP) using the Charts

October 09, 2021, 19:45 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Proshares Ultrashort Ftse Chin (NYSE: FXP) report below can help you understand how to do this. The trading plans for FXP, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for FXP

• Buy FXP slightly over 31.48 target 37.15 stop loss @ 31.39 Details

The technical summary data tells us to buy FXP near 31.48 with an upside target of 37.15. This data also tells us to set a stop loss @ 31.39 to protect against excessive loss in case the stock begins to move against the trade. 31.48 is the first level of support below 36.3 , and by rule, any test of support is a buy signal. In this case, support 31.48 is being tested, a buy signal would exist.

• Short FXP under 37.15, target 31.48, stop loss @ 37.26 Details

The technical summary data is suggesting a short of FXP as it gets near 37.15 with a downside target of 31.48. We should have a stop loss in place at 37.26though. 37.15 is the first level of resistance above 36.3, and by rule, any test of resistance is a short signal. In this case, if resistance 37.15 is being tested, a short signal would exist.

Swing Trading Plans for FXP

• Buy FXP slightly over 37.15, target 38.30, Stop Loss @ 37.04 Details

If 37.15 begins to break higher, the technical summary data tells us to buy FXP just slightly over 37.15, with an upside target of 38.30. The data also tells us to set a stop loss @ 37.04 in case the stock turns against the trade. 37.15 is the first level of resistance above 36.3, and by rule, any break above resistance is a buy signal. In this case, 37.15, 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.

• Short FXP near 37.15, target 31.48, Stop Loss @ 37.26. Details

The technical summary data is suggesting a short of FXP if it tests 37.15 with a downside target of 31.48. We should have a stop loss in place at 37.26 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, 37.15, 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.

Day Trading Plans for FXP

• Buy FXP slightly over 37.15, target 37.99, Stop Loss @ 37.06 Details

If 37.15 begins to break higher, the technical summary data tells us to buy FXP just slightly over 37.15, with an upside target of 37.99. The data also tells us to set a stop loss @ 37.06 in case the stock turns against the trade. 37.15 is the first level of resistance above 36.3, and by rule, any break above resistance is a buy signal. In this case, 37.15, 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.

• Short FXP near 37.15, target 31.48, Stop Loss @ 37.24. Details

The technical summary data is suggesting a short of FXP if it tests 37.15 with a downside target of 31.48. We should have a stop loss in place at 37.24 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, 37.15, 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.

FXP Ratings for October 09:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	26.13
P2	37.99	38.30	31.48
P3	40.53	40.57	37.15

Support and Resistance Plot Chart for FXP

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