HaseebKhan_90

$UCO ready to go higher after retesting broken resistance?

شراء
AMEX:UCO   ProShares Ultra Bloomberg Crude Oil
Notes:
* Strong up trend due to macro situations
* Printed a Pocket Pivot as it bounced off of broken resistance
* Looks good on multiple time frames

Technicals:
Sector: Exchange Traded Fund
Relative Strength vs. Sector: 3.02
Relative Strength vs. SP500: 4.05
U/D Ratio: 1.62
Base Depth: 56.08%
Distance from breakout buy point: 4.42%
Volume 37.69% above its 15 day avg.

Trade Idea:
* You can enter now as the price just bounced off of the broken resistance with higher than average volume
* If you're looking for a better entry you look to buy around the $52.20 area
* Manage risk accordingly

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