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InvestingScope

UVXY: Long term Buy opportunity.

Long
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
InvestingScope  
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Chart Patterns Technical Indicators UVXY ETF exchangetradedfund proshares ultravix VIX CBOE Volatility Index investing
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trendanalysis chartpattern indicator uvxy etf exchangetradedfund proshares ultravix vix investing
The ProShares Ultra VIX Short-Term Futures ETF is approaching the April bottom and the symmetrical Lower Low on the 1M Falling Wedge. Being oversold (RSI = 6.651, MACD = -1698.076) a strong cyclical rebound is expected on a very structured and recurring candle pattern. We are on a long term buy on UVXY with TP = 75.00.







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