UBOT is an ETF that tracks the performance of stocks that are in the artificial intelligence & automation space, that is 3x leveraged.
UBOT is focused in areas that may be less impacted than other market segments in the event of another COVID-related shutdown, which is why it may be a good idea to add it to your watchlist.
UBOT has no options to use an a hedge, so using an inverse NASDAQ ETF may be your best bet.
UBOT Share Price: $188.00
10 Day Moving-Average: $190.81
50 Day Moving-Average: $$167.19
200 Day Moving-Average: $118.33
RSI: 61
UBOT’s share price has dipped under the 10 Day Moving-Average, which is not a great sign in the near-term, so I would be more focused on keeping an eye on their performance before finding an entry.
I would focus on their RSI & seeing if there is more pain to come in the share price, or if it is able to break free of the 10 Day Moving-Average, and re-test the $195-196ish level successfully.
UBOT is something I will be looking at for an entry, but not acting on until I see a little more convincing evidence that they are on sturdy footing.
With that said, that doesn’t mean that there aren’t short-term entry opportunities for traders to capitalize on in the meantime.
*** I DO NOT OWN SHARES OF UBOT ETF ***