When (FAS) Moves Investors should Listen
January 12, 2025, 14:36 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FAS
- Buy FAS near 138.64 target 156.83 stop loss @ 138.24 Details
The technical summary data tells us to buy FAS near 138.64 with an upside target of 156.83. This data also tells us to set a stop loss @ 138.24 to protect against excessive loss in case the stock begins to move against the trade. 138.64 is the first level of support below 140.85 , and by rule, any test of support is a buy signal. In this case, support 138.64 would be being tested, so a buy signal would exist.
- Short FAS slightly under 156.83, target 138.64, stop loss @ 157.28 Details
The technical summary data is suggesting a short of FAS as it gets near 156.83 with a downside target of 138.64. We should have a stop loss in place at 157.28though. 156.83 is the first level of resistance above 140.85, and by rule, any test of resistance is a short signal. In this case, if resistance 156.83 is being tested, so a short signal would exist.
Swing Trading Plans for FAS
- Buy FAS slightly over 143.83, target 151.3, Stop Loss @ 143.41 Details
If 143.83 begins to break higher, the technical summary data tells us to buy FAS just slightly over 143.83, with an upside target of 151.3. The data also tells us to set a stop loss @ 143.41 in case the stock turns against the trade. 143.83 is the first level of resistance above 140.85, and by rule, any break above resistance is a buy signal. In this case, 143.83, 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 143.83, target 138.64, Stop Loss @ 144.25. Details
The technical summary data is suggesting a short of FAS if it tests 143.83 with a downside target of 138.64. We should have a stop loss in place at 144.25 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, 143.83, 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 140.95, target 143.83, Stop Loss @ 140.62 Details
If 140.95 begins to break higher, the technical summary data tells us to buy FAS just slightly over 140.95, with an upside target of 143.83. The data also tells us to set a stop loss @ 140.62 in case the stock turns against the trade. 140.95 is the first level of resistance above 140.85, and by rule, any break above resistance is a buy signal. In this case, 140.95, 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 140.95, target 138.64, Stop Loss @ 141.28. Details
The technical summary data is suggesting a short of FAS if it tests 140.95 with a downside target of 138.64. We should have a stop loss in place at 141.28 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, 140.95, 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 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
138.64 |
| P2 |
140.95 |
143.83 |
156.83 |
| P3 |
146.86 |
151.3 |
174.95 |
AI Generated Signals for FAS
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Direxion Daily Financial Bull 3x Shares (NYSE: FAS) report below is a real world example. Included are trading plans for FAS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FAS:
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