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MechanicalEngineerTrader

UVXY CHANNEL AT THE VERY BOTTOM

Long
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
MechanicalEngineerTrader  
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Technical Indicators Trend Analysis Chart Patterns
1
0
indicator trendanalysis chartpattern
They say UVXY is "unchartable", but look at the top and bottom bands lol. Clearly following the channel. UVXY doesn't even move up or down relating to the market up or down anymore. But, it looks like a great buy short term with RSI under 30, and at the bottom line. Sell target is at50 RSI
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