When the Price of (OILK) Talks, People Listen
November 27, 2024, 07:06 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OILK
- Buy OILK near 41.67 target 44.82 stop loss @ 41.55 Details
The technical summary data tells us to buy OILK near 41.67 with an upside target of 44.82. This data also tells us to set a stop loss @ 41.55 to protect against excessive loss in case the stock begins to move against the trade. 41.67 is the first level of support below 42.78 , and by rule, any test of support is a buy signal. In this case, support 41.67 would be being tested, so a buy signal would exist.
- Short OILK slightly under 44.82, target 41.67, stop loss @ 44.95 Details
The technical summary data is suggesting a short of OILK as it gets near 44.82 with a downside target of 41.67. We should have a stop loss in place at 44.95though. 44.82 is the first level of resistance above 42.78, and by rule, any test of resistance is a short signal. In this case, if resistance 44.82 is being tested, so a short signal would exist.
Swing Trading Plans for OILK
- Buy OILK slightly over 42.97, target 43.91, Stop Loss @ 42.85 Details
If 42.97 begins to break higher, the technical summary data tells us to buy OILK just slightly over 42.97, with an upside target of 43.91. The data also tells us to set a stop loss @ 42.85 in case the stock turns against the trade. 42.97 is the first level of resistance above 42.78, and by rule, any break above resistance is a buy signal. In this case, 42.97, 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 OILK slightly near 42.97, target 41.67, Stop Loss @ 43.09. Details
The technical summary data is suggesting a short of OILK if it tests 42.97 with a downside target of 41.67. We should have a stop loss in place at 43.09 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, 42.97, 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 OILK
- Buy OILK slightly over 42.97, target 43.45, Stop Loss @ 42.87 Details
If 42.97 begins to break higher, the technical summary data tells us to buy OILK just slightly over 42.97, with an upside target of 43.45. The data also tells us to set a stop loss @ 42.87 in case the stock turns against the trade. 42.97 is the first level of resistance above 42.78, and by rule, any break above resistance is a buy signal. In this case, 42.97, 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 OILK slightly near 42.97, target 42.63, Stop Loss @ 43.07. Details
The technical summary data is suggesting a short of OILK if it tests 42.97 with a downside target of 42.63. We should have a stop loss in place at 43.07 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, 42.97, 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 K-1 Free Crude Oil Strategy Etf (OILK) available here: OILK.
OILK Ratings for November 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
41.67 |
| P2 |
42.63 |
42.97 |
44.82 |
| P3 |
43.45 |
43.91 |
47.76 |
AI Generated Signals for OILK
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 K-1 Free Crude Oil Strategy Etf (NASDAQ: OILK) 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 OILK 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 OILK:
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