Nov 09, 2021 (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 Ultrashort Euro /zigman2/quotes/206913068/composite EUO +1.57% with integrated risk controls.
The trading plans were valid at the time this was published, but the support and resistance levels for EUO 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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Use the basic rules of Technical Analysis. Here are some examples: if EUO 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.
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for EUO too. All of these are offered here: Access our Real Time Trading Plans
Buy EUO over 24.80 target n/a stop loss @ 24.73.
Buy EUO over 25.14, target n/a, Stop Loss @ 25.07
Short EUO near 25.14, target 24.87, Stop Loss @ 25.21.
Buy EUO over 24.91, target 25.14, Stop Loss @ 24.85
Short EUO near 24.91, target 24.03, Stop Loss @ 24.97.
EUO Technical Summary | Raw Data for the Trading Plans
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