How the (FAS) price action is used to our Advantage
January 23, 2025, 05:32 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FAS
- Buy FAS near 160.24 target 178.64 stop loss @ 159.78 Details
The technical summary data tells us to buy FAS near 160.24 with an upside target of 178.64. This data also tells us to set a stop loss @ 159.78 to protect against excessive loss in case the stock begins to move against the trade. 160.24 is the first level of support below 169.11 , and by rule, any test of support is a buy signal. In this case, support 160.24 is being tested, a buy signal would exist.
- Short FAS slightly under 178.64, target 160.24, stop loss @ 179.16 Details
The technical summary data is suggesting a short of FAS as it gets near 178.64 with a downside target of 160.24. We should have a stop loss in place at 179.16though. 178.64 is the first level of resistance above 169.11, and by rule, any test of resistance is a short signal. In this case, if resistance 178.64 is being tested, a short signal would exist.
Swing Trading Plans for FAS
- Buy FAS slightly over 174.62, target 178.64, Stop Loss @ 174.12 Details
If 174.62 begins to break higher, the technical summary data tells us to buy FAS just slightly over 174.62, with an upside target of 178.64. The data also tells us to set a stop loss @ 174.12 in case the stock turns against the trade. 174.62 is the first level of resistance above 169.11, and by rule, any break above resistance is a buy signal. In this case, 174.62, 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 FAS slightly near 174.62, target 160.24, Stop Loss @ 175.12. Details
The technical summary data is suggesting a short of FAS if it tests 174.62 with a downside target of 160.24. We should have a stop loss in place at 175.12 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, 174.62, 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 FAS
- Buy FAS slightly over 170.41, target 174.35, Stop Loss @ 170.01 Details
If 170.41 begins to break higher, the technical summary data tells us to buy FAS just slightly over 170.41, with an upside target of 174.35. The data also tells us to set a stop loss @ 170.01 in case the stock turns against the trade. 170.41 is the first level of resistance above 169.11, and by rule, any break above resistance is a buy signal. In this case, 170.41, 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 FAS slightly near 170.41, target 160.24, Stop Loss @ 170.81. Details
The technical summary data is suggesting a short of FAS if it tests 170.41 with a downside target of 160.24. We should have a stop loss in place at 170.81 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, 170.41, 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 Financial Bull 3x Shares (FAS) available here: FAS.
FAS Ratings for January 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
141.42 |
| P2 |
170.41 |
159.62 |
160.24 |
| P3 |
174.35 |
174.62 |
178.64 |
AI Generated Signals for FAS
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 Financial Bull 3x Shares (NYSE: FAS) data table below can help you with price action, and we have more details too. Trading plans for FAS 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 FAS:
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