Both #opportunity and #risks can be drawn from looking at the #priceaction in Invesco Db Energy (NYSE: DBE). This is a practice commonly referred to as reading the charts. The summary data for DBE below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. 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 | Weak | Strong | Strong |
P1 | 0 | 0 | 12.60 |
P2 | 13.94 | 14.06 | 13.59 |
P3 | 14.30 | 14.45 | 14.62 |
Longer Term Trading Plans for DBE
May 24, 2021, 5:00 am ET
Our Longer Term Plans for DBE 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 DBE Report.
DBE - (Long) Support Plan
Buy over 13.59 target 14.62 stop loss @ 13.55
DBE - (Short) Resistance Plan
Short under 14.62, target 13.59, stop loss @ 14.66