pool adsManaging Risk in Proshares Short Msci Eafe $EFZ by Using Price Action
This price action in Proshares Short Msci Eafe (NYSE: EFZ) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for EFZ below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Weak |
| P1 | 0 | 0 | 17.52 |
| P2 | 18.92 | 18.87 | 18.31 |
| P3 | 19.38 | 19.20 | 19.17 |
Support and Resistance Plot Chart for EFZ
Long Term Trading Plans for EFZ
April 23, 2021, 6:00 am ET
The Technical Summary and Trading Plans for EFZ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this EFZ Report.
EFZ - (Long) Support Plan
The technical summary data tells us to buy EFZ near 18.31 with an upside target of 19.17. This data also tells us to set a stop loss @ 18.26 to protect against excessive loss in case the stock begins to move against the trade. 18.31 is the first level of support below 18.834 , and by rule, any test of support is a buy signal. In this case, support 18.31 is being tested, a buy signal would exist.
EFZ - (Short) Resistance Plan
The technical summary data is suggesting a short of EFZ as it gets near 19.17 with a downside target of 18.31. We should have a stop loss in place at 19.23though. 19.17 is the first level of resistance above 18.834, and by rule, any test of resistance is a short signal. In this case, if resistance 19.17 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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