pool adsHow to Identify the Opportunity and Potential Pitfalls in Proshares Ultrashort Semicondu $SSG
This Proshares Ultrashort Semicondu (NYSE: SSG) report helps investors and traders identify both opportunity, and potential red flags, by using the price action of the stock. The trading plans for SSG have risk controls, and that make these observations both opportunistic and defensive, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Weak |
| P1 | 0 | 0 | 3.55 |
| P2 | 9.21 | 9.35 | 6.01 |
| P3 | 10.20 | 10.31 | 9.67 |
Support and Resistance Plot Chart for SSG
Long Term Trading Plans for SSG
April 8, 2021, 11:30 am ET
The Technical Summary and Trading Plans for SSG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SSG Report.
SSG - (Long) Support Plan
The technical summary data tells us to buy SSG near 6.01 with an upside target of 9.67. This data also tells us to set a stop loss @ 5.99 to protect against excessive loss in case the stock begins to move against the trade. 6.01 is the first level of support below 9.18 , and by rule, any test of support is a buy signal. In this case, support 6.01 is being tested, a buy signal would exist.
SSG - (Short) Resistance Plan
The technical summary data is suggesting a short of SSG as it gets near 9.67 with a downside target of 6.01. We should have a stop loss in place at 9.7though. 9.67 is the first level of resistance above 9.18, and by rule, any test of resistance is a short signal. In this case, if resistance 9.67 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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