Learn to Evaluate (UDOW) using the Charts
March 10, 2024, 05:00 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UDOW
- Buy UDOW slightly over 73.22 target 80.42 stop loss @ 73.01 Details
The technical summary data tells us to buy UDOW near 73.22 with an upside target of 80.42. This data also tells us to set a stop loss @ 73.01 to protect against excessive loss in case the stock begins to move against the trade. 73.22 is the first level of support below 79.33 , and by rule, any test of support is a buy signal. In this case, support 73.22 is being tested, a buy signal would exist.
- Short UDOW slightly under 80.42, target 73.22, stop loss @ 80.65 Details
The technical summary data is suggesting a short of UDOW as it gets near 80.42 with a downside target of 73.22. We should have a stop loss in place at 80.65though. 80.42 is the first level of resistance above 79.33, and by rule, any test of resistance is a short signal. In this case, if resistance 80.42 is being tested, a short signal would exist.
Swing Trading Plans for UDOW
- Buy UDOW slightly over 80.45, target n/a, Stop Loss @ 80.22 Details
If 80.45 begins to break higher, the technical summary data tells us to buy UDOW just slightly over 80.45, with an upside target of n/a. The data also tells us to set a stop loss @ 80.22 in case the stock turns against the trade. 80.45 is the first level of resistance above 79.33, and by rule, any break above resistance is a buy signal. In this case, 80.45, 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 UDOW slightly near 80.45, target 78.42, Stop Loss @ 80.68. Details
The technical summary data is suggesting a short of UDOW if it tests 80.45 with a downside target of 78.42. We should have a stop loss in place at 80.68 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, 80.45, 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 UDOW
- Buy UDOW slightly over 80.45, target n/a, Stop Loss @ 80.26 Details
If 80.45 begins to break higher, the technical summary data tells us to buy UDOW just slightly over 80.45, with an upside target of n/a. The data also tells us to set a stop loss @ 80.26 in case the stock turns against the trade. 80.45 is the first level of resistance above 79.33, and by rule, any break above resistance is a buy signal. In this case, 80.45, 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 UDOW slightly near 80.45, target 78.51, Stop Loss @ 80.64. Details
The technical summary data is suggesting a short of UDOW if it tests 80.45 with a downside target of 78.51. We should have a stop loss in place at 80.64 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, 80.45, 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 Ultrapro Dow30 3x Shares (UDOW) available here: UDOW.
UDOW Ratings for March 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
65.78 |
| P2 |
78.51 |
78.42 |
73.22 |
| P3 |
80.34 |
80.45 |
80.42 |
AI Generated Signals for UDOW
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 Ultrapro Dow30 3x Shares (NASDAQ: UDOW) report below can help you understand how to do this. The trading plans for UDOW, 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 UDOW:
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