Trading Direxion Daily Financial Bear FAZ With Integrated Risk Controls

September 25, 2022, 00:45 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. 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.

Longer Term Trading Plans for FAZ

• Buy FAZ slightly over 24.78 target 30.02 stop loss @ 24.71 Details

The technical summary data tells us to buy FAZ near 24.78 with an upside target of 30.02. This data also tells us to set a stop loss @ 24.71 to protect against excessive loss in case the stock begins to move against the trade. 24.78 is the first level of support below 28.07 , and by rule, any test of support is a buy signal. In this case, support 24.78 is being tested, a buy signal would exist.

• Short FAZ slightly under 30.02, target 24.78, stop loss @ 30.11 Details

The technical summary data is suggesting a short of FAZ as it gets near 30.02 with a downside target of 24.78. We should have a stop loss in place at 30.11though. 30.02 is the first level of resistance above 28.07, and by rule, any test of resistance is a short signal. In this case, if resistance 30.02 is being tested, a short signal would exist.

Swing Trading Plans for FAZ

• Buy FAZ slightly over 30.02, target n/a, Stop Loss @ 29.93 Details

If 30.02 begins to break higher, the technical summary data tells us to buy FAZ just slightly over 30.02, with an upside target of n/a. The data also tells us to set a stop loss @ 29.93 in case the stock turns against the trade. 30.02 is the first level of resistance above 28.07, and by rule, any break above resistance is a buy signal. In this case, 30.02, 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 FAZ slightly near 30.02, target 28.02, Stop Loss @ 30.11. Details

The technical summary data is suggesting a short of FAZ if it tests 30.02 with a downside target of 28.02. We should have a stop loss in place at 30.11 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, 30.02, 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 FAZ

• Buy FAZ slightly over 29.07, target 30.02, Stop Loss @ 29 Details

If 29.07 begins to break higher, the technical summary data tells us to buy FAZ just slightly over 29.07, with an upside target of 30.02. The data also tells us to set a stop loss @ 29 in case the stock turns against the trade. 29.07 is the first level of resistance above 28.07, and by rule, any break above resistance is a buy signal. In this case, 29.07, 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 FAZ slightly near 29.07, target 28.02, Stop Loss @ 29.14. Details

The technical summary data is suggesting a short of FAZ if it tests 29.07 with a downside target of 28.02. We should have a stop loss in place at 29.14 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, 29.07, 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.

FAZ Ratings for September 25:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	20.28
P2	26.98	25.35	24.78
P3	29.07	28.02	30.02

Support and Resistance Plot Chart for FAZ

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