Trading Advice for Proshares Short Msci Eafe EFZ

June 12, 2021, 19:15 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Proshares Short Msci Eafe (NYSE: EFZ) while incorporating prudent risk controls. 

Processing this Investment Decision:

A rising tide lifts all boats, when the market declines it pressures stocks too, and we have learned that the easiest way to trade is to go with the flow, so the direction of the market matters to this and every decision.  We suggest an evaluation of the market first, a servivce we also provide, and once this determination has been made then use the data herein to determine whether your decision to buy or sell EFZ lines up with the forthcoming move in the market; we also offer a correlation tool to find stocks that are poised to move with the market.  Review our Current Market Analysis

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for EFZ change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if EFZ is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for EFZ too.  All of these are offered below the Summary Table.

Technical Summary

Support and Resistance Plot Chart for EFZ

Longer Term Trading Plans for EFZ

June 12, 2021, 7:15 pm ET

Our Longer Term Plans for EFZ help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this EFZ Report.

Long Support Plan (Long Term Trading)

Buy EFZ over 17.29 target 17.93 stop loss @ 17.24

The technical summary data tells us to buy EFZ near 17.29 with an upside target of 17.93. This data also tells us to set a stop loss @ 17.24 to protect against excessive loss in case the stock begins to move against the trade. 17.29 is the first level of support below 17.9064 , and by rule, any test of support is a buy signal. In this case, support 17.29 would be being tested, so a buy signal would exist.

Short Resistance Plan (Long Term Trading)

Short EFZ under 17.93, target 17.29, stop loss @ 17.98

The technical summary data is suggesting a short of EFZ as it gets near 17.93 with a downside target of 17.29. We should have a stop loss in place at 17.98though. 17.93 is the first level of resistance above 17.9064, and by rule, any test of resistance is a short signal. In this case, if resistance 17.93 is being tested, so a short signal would exist.

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