SEF - How to Evaluate Proshares Short Financials #SEF by Looking at the Charts
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Proshares Short Financials (NYSE: SEF) report below can help you understand how to do this. The trading plans for SEF, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Weak | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 13.14 | |||
| P2 | |||
| 13.22 | |||
| 13.12 | |||
| 13.80 | |||
| P3 | |||
| 13.56 | |||
| 13.40 | |||
| 14.42 |
Long Term Trading Plans for SEF
April 28, 2021, 10:00 pm ET
The Technical Summary and Trading Plans for SEF help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SEF Report.
SEF - (Long) Support Plan
The technical summary data tells us to buy SEF near 13.14 with an upside target of 13.80. This data also tells us to set a stop loss @ 13.1 to protect against excessive loss in case the stock begins to move against the trade. 13.14 is the first level of support below 13.1772 , and by rule, any test of support is a buy signal. In this case, support 13.14 would be being tested, so a buy signal would exist.
SEF - (Short) Resistance Plan
The technical summary data is suggesting a short of SEF as it gets near 13.80 with a downside target of 13.14. We should have a stop loss in place at 13.84though. 13.80 is the first level of resistance above 13.1772, and by rule, any test of resistance is a short signal. In this case, if resistance 13.80 is being tested, so a short signal would exist.