ProShares UltraShort MSCI Brazil Capped Price & Performance (BZQ)

ProShares UltraShort MSCI Brazil Capped ETF (BZQ) presents opposing trading opportunities. Analysts suggest buying near $14.49 with a target of $16.57 or shorting near $16.57 targeting $14.49. Stop-losses are critical at $14.45 and $16.62 respectively. These strategies reflect current technical resistance and support levels.1

BZQ’s resistance at $16.26 and $16.57 offers traders strategic entry points. Buying above $16.26 targets $16.57, while breaking $16.57 could aim for $17.19. Shorting near resistance levels is also viable, with $14.49 and $15.66 as downside targets. Stop-losses ensure risk management in volatile trading conditions.1

Day traders are advised to monitor BZQ closely. A breakout above $16.57 signals a buy with a target of $17.19, while a drop near $16.57 suggests a short aiming for $15.66. Stop-losses at $16.53 and $16.61 are recommended to mitigate potential losses during rapid price movements.1