(FXP) Proactive Strategies

December 01, 2024, 03:58 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FXP

• Buy FXP near 19.41 target 24.17 stop loss @ 19.35 Details

The technical summary data tells us to buy FXP near 19.41 with an upside target of 24.17. This data also tells us to set a stop loss @ 19.35 to protect against excessive loss in case the stock begins to move against the trade. 19.41 is the first level of support below 19.46 , and by rule, any test of support is a buy signal. In this case, support 19.41 is being tested, a buy signal would exist.

• Short FXP slightly under 24.17, target 19.41, stop loss @ 24.24 Details

The technical summary data is suggesting a short of FXP as it gets near 24.17 with a downside target of 19.41. We should have a stop loss in place at 24.24though. 24.17 is the first level of resistance above 19.46, and by rule, any test of resistance is a short signal. In this case, if resistance 24.17 is being tested, a short signal would exist.

Swing Trading Plans for FXP

• Buy FXP slightly over 19.52, target 20.44, Stop Loss @ 19.46 Details

If 19.52 begins to break higher, the technical summary data tells us to buy FXP just slightly over 19.52, with an upside target of 20.44. The data also tells us to set a stop loss @ 19.46 in case the stock turns against the trade. 19.52 is the first level of resistance above 19.46, and by rule, any break above resistance is a buy signal. In this case, 19.52, 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 slightly near 19.52, target 14.72, Stop Loss @ 19.58. Details

The technical summary data is suggesting a short of FXP if it tests 19.52 with a downside target of 14.72. We should have a stop loss in place at 19.58 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, 19.52, 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 19.52, target 20.19, Stop Loss @ 19.47 Details

If 19.52 begins to break higher, the technical summary data tells us to buy FXP just slightly over 19.52, with an upside target of 20.19. The data also tells us to set a stop loss @ 19.47 in case the stock turns against the trade. 19.52 is the first level of resistance above 19.46, and by rule, any break above resistance is a buy signal. In this case, 19.52, 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 slightly near 19.52, target 14.72, Stop Loss @ 19.57. Details

The technical summary data is suggesting a short of FXP if it tests 19.52 with a downside target of 14.72. We should have a stop loss in place at 19.57 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, 19.52, 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 Ultrashort Ftse China 50 -2x Shares (FXP) available here: FXP.

FXP Ratings for December 01:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	14.72
P2	19.28	19.52	19.41
P3	20.19	20.44	24.17

AI Generated Signals for FXP

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Don't over think it!  Trading Proshares Ultrashort Ftse China 50 -2x Shares (NYSE: FXP) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FXP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FXP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FXP too.  All of these are offered below the Summary Table.