When the Price of Direxion Daily Emrg Mkts Bear 3x $EDZ Talks, People Listen
November 03, 2023, 19:45 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EDZ
- Buy EDZ slightly over 12.31 target 14.42 stop loss @ 12.27 Details
The technical summary data tells us to buy EDZ near 12.31 with an upside target of 14.42. This data also tells us to set a stop loss @ 12.27 to protect against excessive loss in case the stock begins to move against the trade. 12.31 is the first level of support below 13.25 , and by rule, any test of support is a buy signal. In this case, support 12.31 is being tested, a buy signal would exist.
- Short EDZ slightly under 14.42, target 12.31, stop loss @ 14.46 Details
The technical summary data is suggesting a short of EDZ as it gets near 14.42 with a downside target of 12.31. We should have a stop loss in place at 14.46though. 14.42 is the first level of resistance above 13.25, and by rule, any test of resistance is a short signal. In this case, if resistance 14.42 is being tested, a short signal would exist.
Swing Trading Plans for EDZ
- Buy EDZ slightly over 14.42, target 14.78, Stop Loss @ 14.38 Details
If 14.42 begins to break higher, the technical summary data tells us to buy EDZ just slightly over 14.42, with an upside target of 14.78. The data also tells us to set a stop loss @ 14.38 in case the stock turns against the trade. 14.42 is the first level of resistance above 13.25, and by rule, any break above resistance is a buy signal. In this case, 14.42, 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 EDZ slightly near 14.42, target 12.31, Stop Loss @ 14.46. Details
The technical summary data is suggesting a short of EDZ if it tests 14.42 with a downside target of 12.31. We should have a stop loss in place at 14.46 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, 14.42, 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 EDZ
- Buy EDZ slightly over 14.42, target 14.96, Stop Loss @ 14.39 Details
If 14.42 begins to break higher, the technical summary data tells us to buy EDZ just slightly over 14.42, with an upside target of 14.96. The data also tells us to set a stop loss @ 14.39 in case the stock turns against the trade. 14.42 is the first level of resistance above 13.25, and by rule, any break above resistance is a buy signal. In this case, 14.42, 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 EDZ slightly near 14.42, target 12.31, Stop Loss @ 14.45. Details
The technical summary data is suggesting a short of EDZ if it tests 14.42 with a downside target of 12.31. We should have a stop loss in place at 14.45 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, 14.42, 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 Emrg Mkts Bear 3x (EDZ) available here: EDZ.
EDZ Ratings for November 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
10.56 |
| P2 |
14.27 |
14.78 |
12.31 |
| P3 |
14.96 |
15.91 |
14.42 |
AI Generated Signals for EDZ
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Direxion Daily Emrg Mkts Bear 3x (NYSE: EDZ) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for EDZ can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EDZ:
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