When the Price of (SKYU) Talks, People Listen
July 17, 2024, 01:04 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SKYU
- Buy SKYU slightly over 22.9 target 25.47 stop loss @ 22.83 Details
The technical summary data tells us to buy SKYU near 22.9 with an upside target of 25.47. This data also tells us to set a stop loss @ 22.83 to protect against excessive loss in case the stock begins to move against the trade. 22.9 is the first level of support below 25.19 , and by rule, any test of support is a buy signal. In this case, support 22.9 would be being tested, so a buy signal would exist.
- Short SKYU slightly under 25.47, target 22.9, stop loss @ 25.54 Details
The technical summary data is suggesting a short of SKYU as it gets near 25.47 with a downside target of 22.9. We should have a stop loss in place at 25.54though. 25.47 is the first level of resistance above 25.19, and by rule, any test of resistance is a short signal. In this case, if resistance 25.47 is being tested, so a short signal would exist.
Swing Trading Plans for SKYU
- Buy SKYU slightly over 25.47, target 28.14, Stop Loss @ 25.4 Details
If 25.47 begins to break higher, the technical summary data tells us to buy SKYU just slightly over 25.47, with an upside target of 28.14. The data also tells us to set a stop loss @ 25.4 in case the stock turns against the trade. 25.47 is the first level of resistance above 25.19, and by rule, any break above resistance is a buy signal. In this case, 25.47, 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 SKYU slightly near 25.47, target 25.05, Stop Loss @ 25.54. Details
The technical summary data is suggesting a short of SKYU if it tests 25.47 with a downside target of 25.05. We should have a stop loss in place at 25.54 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, 25.47, 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 SKYU
- Buy SKYU slightly over 25.47, target 28.14, Stop Loss @ 25.41 Details
If 25.47 begins to break higher, the technical summary data tells us to buy SKYU just slightly over 25.47, with an upside target of 28.14. The data also tells us to set a stop loss @ 25.41 in case the stock turns against the trade. 25.47 is the first level of resistance above 25.19, and by rule, any break above resistance is a buy signal. In this case, 25.47, 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 SKYU slightly near 25.47, target 25.05, Stop Loss @ 25.53. Details
The technical summary data is suggesting a short of SKYU if it tests 25.47 with a downside target of 25.05. We should have a stop loss in place at 25.53 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, 25.47, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Proshares Ultra Cloud Computing (SKYU) available here: SKYU.
SKYU Ratings for July 17:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
22.9 |
P2 |
24.67 |
24.28 |
25.47 |
P3 |
24.99 |
25.05 |
28.14 |
AI Generated Signals for SKYU
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Proshares Ultra Cloud Computing (NASDAQ: SKYU) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for SKYU can be used as an example, and demonstrate how to do this for other stocks too. 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.
Fundamental Charts for SKYU: