REW - Stimulus Matters to the Stock Market and to Proshares Ultrashort Technolog REW
#Investors often shrug off the impact of #stimulus but when fabricated demand comes into the #stockmarket everything is affected, even Proshares Ultrashort Technolog (NYSE: REW) and other stocks that might not be direct beneficiaries. They say, a rising tide lifts all boats, and multiple expansion is a natural byproduct, but it works in both ways. For REW we can see the impact demand changes have on price by looking at the trading plans and pivot points below. This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done. For an update, please request Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Strong | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 7.14 | |||
| P2 | |||
| 11.65 | |||
| 11.29 | |||
| 9.02 | |||
| P3 | |||
| 12.67 | |||
| 12.31 | |||
| 11.09 |
Longer Term Trading Plans for REW
May 28, 2021, 2:45 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 11.09 target n/a stop loss @ 11.06.
REW - (Short) Resistance Plan
NONE .