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InvestingScope
May 21, 2019 7:55 PM

UVXY: Long term Buy opportunity. Long

AMEX:UVXY1D
ProShares Trust Ultra VIX Short Term Futures ETFArca

Description

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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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Trend AnalysisChart PatternsTechnical IndicatorsUVXYETFexchangetradedfundprosharesultravixVIX CBOE Volatility Indexinvesting
Comments
nickarshad1
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@InvestingScope
nickarshad1
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Is this still in play?
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