REW - Sometimes Stocks Move Fast and Proshares Ultrashort Technolog #REW is no Exception
Whether a #stock moves fast or slow, one thing is always true. The forces of #supplyanddemand determine the #price of Proshares Ultrashort Technolog (NYSE: REW) and every other stock on the market. The price someone is willing to pay for REW directly impacts its price, but that is offset by what others are willing to sell it for too. The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage. This is what we have done in the example below. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Neutral | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 6.95 | |||
| P2 | |||
| 11.43 | |||
| 11.92 | |||
| 8.91 | |||
| P3 | |||
| 12.50 | |||
| 12.59 | |||
| 11.07 |
Longer Term Trading Plans for REW
May 18, 2021, 9:30 am ET
Our Longer Term Plans for REW help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this REW Report.
REW - (Long) Support Plan
Buy over 11.07 target n/a stop loss @ 11.04.
REW - (Short) Resistance Plan
NONE .