May 08, 2024 (Stock Traders Daily via COMTEX) --
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Proshares Ultra Semiconductors 2x Shares (NYSE: USD) with integrated risk controls.
Warning:
The trading plans were valid at the time this was published, but the support and resistance levels for USD change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Instructions:
Use the basic rules of Technical Analysis. Here are some examples: if USD is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for USD too. All of these are offered here: Access our Real Time Trading Plans
Longer Term Trading Plans for USD
- Buy USD slightly over 87.05 target 105.07 stop loss @ 86.8
- Short USD slightly under 105.07, target 87.05, stop loss @ 105.37
Swing Trading Plans for USD
- Buy USD slightly over 97.35, target 105.07, Stop Loss @ 97.07
- Short USD slightly near 97.35, target 89.56, Stop Loss @ 97.63.
Day Trading Plans for USD
- Buy USD slightly over 97.35, target 98.65, Stop Loss @ 97.12
- Short USD slightly near 97.35, target 93.63, Stop Loss @ 97.58.
USD Technical Summary | Raw Data for the Trading Plans
| Term → | Near |
Mid |
Long |
|---|
| Bias |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
70.92 |
| P2 |
93.63 |
89.56 |
87.05 |
| P3 |
98.65 |
97.35 |
105.07 |
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COMTEX_452089928/2570/2024-05-08T20:08:32
