The Direxion Daily Financial Bear (NYSE: FAZ) report below can help you, but we have more details too. The trading plans for FAZ, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Weak | Weak |
P1 | 0 | 0 | 6.65 |
P2 | 8.70 | 7.49 | 12.32 |
P3 | 9.38 | 9.12 | 24.02 |
Long Term Trading Plans for FAZ
November 19, 2020, 8:15 pm ET
The Technical Summary and Trading Plans for FAZ 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 FAZ Report.
FAZ - (Long) Support Plan
The technical summary data tells us to buy FAZ near 6.65 with an upside target of 12.32. This data also tells us to set a stop loss @ 6.63 to protect against excessive loss in case the stock begins to move against the trade. 6.65 is the first level of support below 9.26 , and by rule, any test of support is a buy signal. In this case, support 6.65 would be being tested, so a buy signal would exist.
FAZ - (Short) Resistance Plan
The technical summary data is suggesting a short of FAZ as it gets near 12.32 with a downside target of 6.65. We should have a stop loss in place at 12.36 though. 12.32 is the first level of resistance above 9.26, and by rule, any test of resistance is a short signal. In this case, if resistance 12.32 is being tested, so a short signal would exist.