pool adsHow Stock Traders Daily uses Price Action in Proshares Ultra Technology #ROM to Define Opportunity and Risk
Both #opportunity and #risks can be drawn from looking at the #priceaction in Proshares Ultra Technology (NYSE: ROM). This is a practice commonly referred to as reading the charts. The summary data for ROM below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Strong |
| P1 | 0 | 0 | 78.51 |
| P2 | 74.16 | 72.64 | 85.07 |
| P3 | 78.07 | 77.21 | 91.49 |
Support and Resistance Plot Chart for ROM
Longer Term Trading Plans for ROM
May 18, 2021, 1:15 pm ET
Our Longer Term Plans for ROM help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ROM Report.
ROM - (Long) Support Plan
Buy over 78.51 target 85.07 stop loss @ 78.28
ROM - (Short) Resistance Plan
Short under 85.07, target 78.51, stop loss @ 85.32
Blue = Current Price
Red= Resistance
Green = Support
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