Ultra Financials ProShares (AMEX: UYG) (AMEX:UYG) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Ultra Financials ProShares (UYG) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Ultra Financials ProShares (UYG)
1- Last bearish trend was from 5.74 $ (2/22/2010) to 5.56 $ (2/23/2010) a 0.18 $ move 2- The current bullish trend started from 5.56 $ at 2/23/2010 and is currently trading at 6.44 $. 3- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Ultra Financials ProShares (UYG) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 5.560 and 5.040, and is currently supporting at 6.288.
Ultra Financials ProShares (UYG) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 5.040 and 5.350,resistance between 5.690 and 6.200 which was broken up at 5.470.
Ultra Financials ProShares (UYG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Ultra Financials ProShares (UYG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : .
Stock Support levels : 6.29, 6.23, 6.10, 6.00, 5.90, 5.56,.