Learn to Evaluate Proshares Ultrashort Russell20 ($TWM) using the Charts
March 03, 2023, 04:15 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TWM
- Buy TWM slightly over 13.64 target 15.87 stop loss @ 13.6 Details
The technical summary data tells us to buy TWM near 13.64 with an upside target of 15.87. This data also tells us to set a stop loss @ 13.6 to protect against excessive loss in case the stock begins to move against the trade. 13.64 is the first level of support below 14.12 , and by rule, any test of support is a buy signal. In this case, support 13.64 would be being tested, so a buy signal would exist.
- Short TWM slightly under 15.87, target 13.64, stop loss @ 15.92 Details
The technical summary data is suggesting a short of TWM as it gets near 15.87 with a downside target of 13.64. We should have a stop loss in place at 15.92though. 15.87 is the first level of resistance above 14.12, and by rule, any test of resistance is a short signal. In this case, if resistance 15.87 is being tested, so a short signal would exist.
Swing Trading Plans for TWM
- Buy TWM slightly over 14.63, target 15.87, Stop Loss @ 14.59 Details
If 14.63 begins to break higher, the technical summary data tells us to buy TWM just slightly over 14.63, with an upside target of 15.87. The data also tells us to set a stop loss @ 14.59 in case the stock turns against the trade. 14.63 is the first level of resistance above 14.12, and by rule, any break above resistance is a buy signal. In this case, 14.63, 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 TWM slightly near 14.63, target 14.05, Stop Loss @ 14.67. Details
The technical summary data is suggesting a short of TWM if it tests 14.63 with a downside target of 14.05. We should have a stop loss in place at 14.67 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, 14.63, 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 TWM
- Buy TWM slightly over 14.36, target 14.63, Stop Loss @ 14.33 Details
If 14.36 begins to break higher, the technical summary data tells us to buy TWM just slightly over 14.36, with an upside target of 14.63. The data also tells us to set a stop loss @ 14.33 in case the stock turns against the trade. 14.36 is the first level of resistance above 14.12, and by rule, any break above resistance is a buy signal. In this case, 14.36, 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 TWM slightly near 14.36, target 14.05, Stop Loss @ 14.39. Details
The technical summary data is suggesting a short of TWM if it tests 14.36 with a downside target of 14.05. We should have a stop loss in place at 14.39 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, 14.36, 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.
Real Time Updates are available on our Proshares Ultrashort Russell20 (TWM) Page here: TWM.
TWM Ratings for March 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
13.64 |
| P2 |
14.03 |
14.05 |
15.87 |
| P3 |
14.36 |
14.63 |
18.42 |
Support and Resistance Plot Chart for TWM
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
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
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
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Proshares Ultrashort Russell20 (NYSE: TWM) report below can help you understand how to do this. The trading plans for TWM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TWM:
pool ads
