Direxion Daily Financial Bear FAZ Trading Report – Stock Traders Daily

This post was originally published on this site

Source: Stock Traders Daily

Longer Term Trading Plans for FAZ
  • Buy FAZ over 4.47 target 18.59 stop loss @ 4.46 Details
  • The technical summary data tells us to buy FAZ near 4.47 with an upside target of 18.59. This data also tells us to set a stop loss @ 4.46 to protect against excessive loss in case the stock begins to move against the trade. 4.47 is the first level of support below 18.32 , and by rule, any test of support is a buy signal. In this case, support 4.47 is being tested, a buy signal would exist.

  • Short FAZ under 18.59, target 4.47, stop loss @ 18.64 Details
  • The technical summary data is suggesting a short of FAZ as it gets near 18.59 with a downside target of 4.47. We should have a stop loss in place at 18.64though. 18.59 is the first level of resistance above 18.32, and by rule, any test of resistance is a short signal. In this case, if resistance 18.59 is being tested, a short signal would exist.

Swing Trading Plans for FAZ
  • Buy FAZ over 18.59, target n/a, Stop Loss @ 18.54 Details
  • If 18.59 begins to break higher, the technical summary data tells us to buy FAZ just over 18.59, with an upside target of n/a. The data also tells us to set a stop loss @ 18.54 in case the stock turns against the trade. 18.59 is the first level of resistance above 18.32, and by rule, any break above resistance is a buy signal. In this case, 18.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short FAZ near 18.59, target 18.03, Stop Loss @ 18.64. Details
  • The technical summary data is suggesting a short of FAZ if it tests 18.59 with a downside target of 18.03. We should have a stop loss in place at 18.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 18.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FAZ
  • Buy FAZ over 18.65, target n/a, Stop Loss @ 18.61 Details
  • If 18.65 begins to break higher, the technical summary data tells us to buy FAZ just over 18.65, with an upside target of n/a. The data also tells us to set a stop loss @ 18.61 in case the stock turns against the trade. 18.65 is the first level of resistance above 18.32, and by rule, any break above resistance is a buy signal. In this case, 18.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short FAZ near 18.65, target 18.08, Stop Loss @ 18.69. Details
  • The technical summary data is suggesting a short of FAZ if it tests 18.65 with a downside target of 18.08. We should have a stop loss in place at 18.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 18.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

FAZ Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Weak Neutral Weak
P1 0 0 -7.62
P2 18.08 16.80 4.47
P3 18.65 18.03 18.59

Trading or Investing in Direxion Daily Financial Bear (NYSE: FAZ) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FAZ change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FAZ is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FAZ too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

Fundamental Charts for FAZ

This post was originally published on *this site*