REW - How to Identify the Opportunity and Potential Pitfalls in Proshares Ultrashort Technolog #REW
This Proshares Ultrashort Technolog (NYSE: REW) report helps #investors and #traders identify both opportunity, and potential #redflags by using the price action of the stock. The trading plans for REW have risk controls, and that make these observations both opportunistic and defensive, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Weak | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 6.15 | |||
| P2 | |||
| 10.59 | |||
| 10.12 | |||
| 8.68 | |||
| P3 | |||
| 11.58 | |||
| 10.83 | |||
| 11.66 |
Long Term Trading Plans for REW
April 28, 2021, 11:45 am ET
The Technical Summary and Trading Plans for REW 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 REW Report.
REW - (Long) Support Plan
The technical summary data tells us to buy REW near 8.68 with an upside target of 11.66. This data also tells us to set a stop loss @ 8.65 to protect against excessive loss in case the stock begins to move against the trade. 8.68 is the first level of support below 10.86 , and by rule, any test of support is a buy signal. In this case, support 8.68 is being tested, a buy signal would exist.
REW - (Short) Resistance Plan
The technical summary data is suggesting a short of REW as it gets near 11.66 with a downside target of 8.68. We should have a stop loss in place at 11.69though. 11.66 is the first level of resistance above 10.86, and by rule, any test of resistance is a short signal. In this case, if resistance 11.66 is being tested, a short signal would exist.