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When Proshares Ultra Health Care ($RXL) Moves Investors should Listen

Longer Term Trading Plans for RXL
  • Buy RXL slightly over 81.72 target 88.79 stop loss @ 81.48 Details
  • The technical summary data tells us to buy RXL near 81.72 with an upside target of 88.79. This data also tells us to set a stop loss @ 81.48 to protect against excessive loss in case the stock begins to move against the trade. 81.72 is the first level of support below 84.37 , and by rule, any test of support is a buy signal. In this case, support 81.72 would be being tested, so a buy signal would exist.

  • Short RXL slightly under 88.79, target 81.72, stop loss @ 89.05 Details
  • The technical summary data is suggesting a short of RXL as it gets near 88.79 with a downside target of 81.72. We should have a stop loss in place at 89.05though. 88.79 is the first level of resistance above 84.37, and by rule, any test of resistance is a short signal. In this case, if resistance 88.79 is being tested, so a short signal would exist.

Swing Trading Plans for RXL
  • Buy RXL slightly over 88.79, target 95.33, Stop Loss @ 88.53 Details
  • If 88.79 begins to break higher, the technical summary data tells us to buy RXL just slightly over 88.79, with an upside target of 95.33. The data also tells us to set a stop loss @ 88.53 in case the stock turns against the trade. 88.79 is the first level of resistance above 84.37, and by rule, any break above resistance is a buy signal. In this case, 88.79, 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 RXL slightly near 88.79, target 83.90, Stop Loss @ 89.05. Details
  • The technical summary data is suggesting a short of RXL if it tests 88.79 with a downside target of 83.90. We should have a stop loss in place at 89.05 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, 88.79, 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 RXL
  • Buy RXL slightly over 88.79, target 95.33, Stop Loss @ 88.58 Details
  • If 88.79 begins to break higher, the technical summary data tells us to buy RXL just slightly over 88.79, with an upside target of 95.33. The data also tells us to set a stop loss @ 88.58 in case the stock turns against the trade. 88.79 is the first level of resistance above 84.37, and by rule, any break above resistance is a buy signal. In this case, 88.79, 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 RXL slightly near 88.79, target 83.90, Stop Loss @ 89. Details
  • The technical summary data is suggesting a short of RXL if it tests 88.79 with a downside target of 83.90. We should have a stop loss in place at 89 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, 88.79, 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.

Real Time Updates are available on our  Proshares Ultra Health Care (RXL) Page here: RXL.

RXL Ratings for June 06:

Term →Near Mid Long
Rating Weak Weak Neutral
P1 ERR 0 81.72
P2 80.20 88.79
P3 0 83.90 95.33
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Support and Resistance Plot Chart for RXL

RXL Long Term Analysis for June 6 2023

Blue = Current Price
Red= Resistance
Green = Support

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Proshares Ultra Health Care (NYSE: RXL) report below is a real world example. Included are trading plans for RXL, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports