When the Price of Proshares Ultrashort Technolog REW Talks, People Listen

December 14, 2022, 20:00 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for REW

• Buy REW slightly over 18.80 target 21.91 stop loss @ 18.75 Details

The technical summary data tells us to buy REW near 18.80 with an upside target of 21.91. This data also tells us to set a stop loss @ 18.75 to protect against excessive loss in case the stock begins to move against the trade. 18.80 is the first level of support below 18.91 , and by rule, any test of support is a buy signal. In this case, support 18.80 would be being tested, so a buy signal would exist.

• Short REW slightly under 21.91, target 18.80, stop loss @ 21.97 Details

The technical summary data is suggesting a short of REW as it gets near 21.91 with a downside target of 18.80. We should have a stop loss in place at 21.97though. 21.91 is the first level of resistance above 18.91, and by rule, any test of resistance is a short signal. In this case, if resistance 21.91 is being tested, so a short signal would exist.

Swing Trading Plans for REW

• Buy REW slightly over 19.98, target 21.91, Stop Loss @ 19.92 Details

If 19.98 begins to break higher, the technical summary data tells us to buy REW just slightly over 19.98, with an upside target of 21.91. The data also tells us to set a stop loss @ 19.92 in case the stock turns against the trade. 19.98 is the first level of resistance above 18.91, and by rule, any break above resistance is a buy signal. In this case, 19.98, 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 REW slightly near 19.98, target 18.80, Stop Loss @ 20.04. Details

The technical summary data is suggesting a short of REW if it tests 19.98 with a downside target of 18.80. We should have a stop loss in place at 20.04 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, 19.98, 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 REW

• Buy REW slightly over 20.08, target 21.91, Stop Loss @ 20.03 Details

If 20.08 begins to break higher, the technical summary data tells us to buy REW just slightly over 20.08, with an upside target of 21.91. The data also tells us to set a stop loss @ 20.03 in case the stock turns against the trade. 20.08 is the first level of resistance above 18.91, and by rule, any break above resistance is a buy signal. In this case, 20.08, 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 REW slightly near 20.08, target 18.80, Stop Loss @ 20.13. Details

The technical summary data is suggesting a short of REW if it tests 20.08 with a downside target of 18.80. We should have a stop loss in place at 20.13 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, 20.08, 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 Proshares Ultrashort Technolog (REW) available here: REW.

REW Ratings for December 14:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	18.80
P2	18.49	18.38	21.91
P3	20.08	19.98	25.55

AI Generated Signals for REW

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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 Proshares Ultrashort Technolog (NYSE: REW) 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 REW 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.