Long Term Trading Analysis for (BRZU)

October 20, 2024, 10:56 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BRZU

• Buy BRZU near 55 target 65.19 stop loss @ 54.84 Details

The technical summary data tells us to buy BRZU near 55 with an upside target of 65.19. This data also tells us to set a stop loss @ 54.84 to protect against excessive loss in case the stock begins to move against the trade. 55 is the first level of support below 63.54 , and by rule, any test of support is a buy signal. In this case, support 55 would be being tested, so a buy signal would exist.

• Short BRZU slightly under 65.19, target 55, stop loss @ 65.38 Details

The technical summary data is suggesting a short of BRZU as it gets near 65.19 with a downside target of 55. We should have a stop loss in place at 65.38though. 65.19 is the first level of resistance above 63.54, and by rule, any test of resistance is a short signal. In this case, if resistance 65.19 is being tested, so a short signal would exist.

Swing Trading Plans for BRZU

• Buy BRZU slightly over 64.35, target 65.19, Stop Loss @ 64.16 Details

If 64.35 begins to break higher, the technical summary data tells us to buy BRZU just slightly over 64.35, with an upside target of 65.19. The data also tells us to set a stop loss @ 64.16 in case the stock turns against the trade. 64.35 is the first level of resistance above 63.54, and by rule, any break above resistance is a buy signal. In this case, 64.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BRZU slightly near 64.35, target 61.74, Stop Loss @ 64.54. Details

The technical summary data is suggesting a short of BRZU if it tests 64.35 with a downside target of 61.74. We should have a stop loss in place at 64.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 64.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BRZU

• Buy BRZU slightly over 64.01, target 64.35, Stop Loss @ 63.86 Details

If 64.01 begins to break higher, the technical summary data tells us to buy BRZU just slightly over 64.01, with an upside target of 64.35. The data also tells us to set a stop loss @ 63.86 in case the stock turns against the trade. 64.01 is the first level of resistance above 63.54, and by rule, any break above resistance is a buy signal. In this case, 64.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BRZU slightly near 64.01, target 62.7, Stop Loss @ 64.16. Details

The technical summary data is suggesting a short of BRZU if it tests 64.01 with a downside target of 62.7. We should have a stop loss in place at 64.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 64.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Direxion Daily Msci Brazil Bull 2x Shares (BRZU) available here: BRZU.

BRZU Ratings for October 20:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	55
P2	62.7	61.74	65.19
P3	64.01	64.35	75.06

AI Generated Signals for BRZU

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Direxion Daily Msci Brazil Bull 2x Shares (NASDAQ: BRZU) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BRZU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BRZU is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BRZU too.  All of these are offered below the Summary Table.