How the (DUSL) price action is used to our Advantage
July 01, 2024, 01:08 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DUSL
- Buy DUSL slightly over 46.28 target 52.88 stop loss @ 46.15 Details
The technical summary data tells us to buy DUSL near 46.28 with an upside target of 52.88. This data also tells us to set a stop loss @ 46.15 to protect against excessive loss in case the stock begins to move against the trade. 46.28 is the first level of support below 49.32 , and by rule, any test of support is a buy signal. In this case, support 46.28 would be being tested, so a buy signal would exist.
- Short DUSL slightly under 52.88, target 46.28, stop loss @ 53.03 Details
The technical summary data is suggesting a short of DUSL as it gets near 52.88 with a downside target of 46.28. We should have a stop loss in place at 53.03though. 52.88 is the first level of resistance above 49.32, and by rule, any test of resistance is a short signal. In this case, if resistance 52.88 is being tested, so a short signal would exist.
Swing Trading Plans for DUSL
- Buy DUSL slightly over 50.94, target 52.88, Stop Loss @ 50.79 Details
If 50.94 begins to break higher, the technical summary data tells us to buy DUSL just slightly over 50.94, with an upside target of 52.88. The data also tells us to set a stop loss @ 50.79 in case the stock turns against the trade. 50.94 is the first level of resistance above 49.32, and by rule, any break above resistance is a buy signal. In this case, 50.94, 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 DUSL slightly near 50.94, target 48.54, Stop Loss @ 51.09. Details
The technical summary data is suggesting a short of DUSL if it tests 50.94 with a downside target of 48.54. We should have a stop loss in place at 51.09 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, 50.94, 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 DUSL
- Buy DUSL slightly over 49.4, target 50.94, Stop Loss @ 49.28 Details
If 49.4 begins to break higher, the technical summary data tells us to buy DUSL just slightly over 49.4, with an upside target of 50.94. The data also tells us to set a stop loss @ 49.28 in case the stock turns against the trade. 49.4 is the first level of resistance above 49.32, and by rule, any break above resistance is a buy signal. In this case, 49.4, 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 DUSL slightly near 49.4, target 48.54, Stop Loss @ 49.52. Details
The technical summary data is suggesting a short of DUSL if it tests 49.4 with a downside target of 48.54. We should have a stop loss in place at 49.52 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, 49.4, 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 Industrials Bull 3x Shares (DUSL) available here: DUSL.
DUSL Ratings for July 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
46.28 |
| P2 |
47.79 |
48.54 |
52.88 |
| P3 |
49.4 |
50.94 |
59.56 |
AI Generated Signals for DUSL
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Direxion Daily Industrials Bull 3x Shares (NASDAQ: DUSL) data table below can help you with price action, and we have more details too. Trading plans for DUSL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DUSL:
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