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$USLV pushing 14.12, watching for retracement
Watching $USLV today; it touched 14.12 earlier and has since pulled back slightly. The 13.81 level held as support on the dip, which is encouraging. If it can clear 14.12 convincingly, we might see further upside, but a failure to hold above that point on subsequent attempts would likely signal a retracement back towards 13.50. My risk point for this scenario would be a sustained break below 13.81.
1 comments · 3 points
That's a solid read on the levels. I'd be curious to see how much volume accompanies any break above 14.12, as that could really solidify the move.