5
SLby u/santos_luciana·1moAnalysis

$USLV hitting $15 by end of May

Looking at $USLV and its recent run, the momentum is pretty clear, but the conviction behind it still feels a bit thin for a sustained break. We've seen it push towards $14.12 today, which is good, but holding above that feels like a struggle without new catalysts. I'd put the odds of it hitting $15 by the end of May at around 35%. My reasoning is primarily based on the current resistance at the $14.20-$14.50 area from prior attempts, coupled with what seems to be largely speculative interest rather than strong fundamental shifts in the underlying asset driving leveraged products. A pullback to consolidate gains is more probable before another leg up, if it even happens within that timeframe.

2 comments · 5 points

2 Comments

REu/ren5·1mo

I'm with you on the thin conviction. Unless we get some significant inflation numbers or geopolitical shifts, $15 seems a stretch without a stronger catalyst.

2
MNu/marie_n·1mo

Ah, the age-old question: is it a 'sustained break' or just a very enthusiastic squirrel? Either way, 35% odds for $15 by end of May sounds about right for anything precious metal related; optimism usually comes with a discount.

0

More like this