Learn to Evaluate (SAA) using the Charts
October 30, 2024, 14:08 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SAA
- Buy SAA near 26.43 target 28.8 stop loss @ 26.35 Details
The technical summary data tells us to buy SAA near 26.43 with an upside target of 28.8. This data also tells us to set a stop loss @ 26.35 to protect against excessive loss in case the stock begins to move against the trade. 26.43 is the first level of support below 26.7 , and by rule, any test of support is a buy signal. In this case, support 26.43 is being tested, a buy signal would exist.
- Short SAA slightly under 28.8, target 26.43, stop loss @ 28.88 Details
The technical summary data is suggesting a short of SAA as it gets near 28.8 with a downside target of 26.43. We should have a stop loss in place at 28.88though. 28.8 is the first level of resistance above 26.7, and by rule, any test of resistance is a short signal. In this case, if resistance 28.8 is being tested, a short signal would exist.
Swing Trading Plans for SAA
- Buy SAA slightly over 28.8, target n/a, Stop Loss @ 28.72 Details
If 28.8 begins to break higher, the technical summary data tells us to buy SAA just slightly over 28.8, with an upside target of n/a. The data also tells us to set a stop loss @ 28.72 in case the stock turns against the trade. 28.8 is the first level of resistance above 26.7, and by rule, any break above resistance is a buy signal. In this case, 28.8, 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 SAA slightly near 28.8, target 26.45, Stop Loss @ 28.88. Details
The technical summary data is suggesting a short of SAA if it tests 28.8 with a downside target of 26.45. We should have a stop loss in place at 28.88 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, 28.8, 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 SAA
- Buy SAA slightly over 28.8, target n/a, Stop Loss @ 28.73 Details
If 28.8 begins to break higher, the technical summary data tells us to buy SAA just slightly over 28.8, with an upside target of n/a. The data also tells us to set a stop loss @ 28.73 in case the stock turns against the trade. 28.8 is the first level of resistance above 26.7, and by rule, any break above resistance is a buy signal. In this case, 28.8, 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 SAA slightly near 28.8, target 26.69, Stop Loss @ 28.87. Details
The technical summary data is suggesting a short of SAA if it tests 28.8 with a downside target of 26.69. We should have a stop loss in place at 28.87 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, 28.8, 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 Smallcap600 2x Shares (SAA) available here: SAA.
SAA Ratings for October 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
24.15 |
| P2 |
26.23 |
25.42 |
26.43 |
| P3 |
26.69 |
26.45 |
28.8 |
AI Generated Signals for SAA
Blue = Current Price
Red= Resistance
Green = Support
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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 Ultra Smallcap600 2x Shares (NYSE: SAA) report below can help you understand how to do this. The trading plans for SAA, 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.
Fundamental Charts for SAA:
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