pool adsWhen Proshares Ultrashort Msci Braz (BZQ) Moves Investors should Listen
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Proshares Ultrashort Msci Braz (NYSE: BZQ) report below is a real world example. Included are trading plans for BZQ, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
BZQ Ratings for June 21: Below:
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Weak | Weak |
| P1 | 0 | 0 | 8.64 |
| P2 | 11.90 | 11.69 | 12.24 |
| P3 | 12.31 | 12.24 | 16.29 |
Support and Resistance Plot Chart for BZQ
Longer Term Trading Plans for BZQ
Our Longer Term Plans for BZQ 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 BZQ Report.
Long Support Plan (Long Term Trading)
Buy BZQ over 8.64 target 12.24 stop loss @ 8.62
The technical summary data tells us to buy BZQ near 8.64 with an upside target of 12.24. This data also tells us to set a stop loss @ 8.62 to protect against excessive loss in case the stock begins to move against the trade. 8.64 is the first level of support below 12.23 , and by rule, any test of support is a buy signal. In this case, support 8.64 would be being tested, so a buy signal would exist.
Short Resistance Plan (Long Term Trading)
Short BZQ under 12.24, target 8.64, stop loss @ 12.28
The technical summary data is suggesting a short of BZQ as it gets near 12.24 with a downside target of 8.64. We should have a stop loss in place at 12.28though. 12.24 is the first level of resistance above 12.23, and by rule, any test of resistance is a short signal. In this case, if resistance 12.24 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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