How the (TZA) price action is used to our Advantage
March 20, 2024, 07:38 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TZA
- Buy TZA slightly over 16.64 target 21.45 stop loss @ 16.59 Details
The technical summary data tells us to buy TZA near 16.64 with an upside target of 21.45. This data also tells us to set a stop loss @ 16.59 to protect against excessive loss in case the stock begins to move against the trade. 16.64 is the first level of support below 19.29 , and by rule, any test of support is a buy signal. In this case, support 16.64 would be being tested, so a buy signal would exist.
- Short TZA slightly under 21.45, target 16.64, stop loss @ 21.51 Details
The technical summary data is suggesting a short of TZA as it gets near 21.45 with a downside target of 16.64. We should have a stop loss in place at 21.51though. 21.45 is the first level of resistance above 19.29, and by rule, any test of resistance is a short signal. In this case, if resistance 21.45 is being tested, so a short signal would exist.
Swing Trading Plans for TZA
- Buy TZA slightly over 19.65, target 21.45, Stop Loss @ 19.59 Details
If 19.65 begins to break higher, the technical summary data tells us to buy TZA just slightly over 19.65, with an upside target of 21.45. The data also tells us to set a stop loss @ 19.59 in case the stock turns against the trade. 19.65 is the first level of resistance above 19.29, and by rule, any break above resistance is a buy signal. In this case, 19.65, 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 TZA slightly near 19.65, target 18.67, Stop Loss @ 19.71. Details
The technical summary data is suggesting a short of TZA if it tests 19.65 with a downside target of 18.67. We should have a stop loss in place at 19.71 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, 19.65, 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 TZA
- Buy TZA slightly over 19.65, target 19.86, Stop Loss @ 19.6 Details
If 19.65 begins to break higher, the technical summary data tells us to buy TZA just slightly over 19.65, with an upside target of 19.86. The data also tells us to set a stop loss @ 19.6 in case the stock turns against the trade. 19.65 is the first level of resistance above 19.29, and by rule, any break above resistance is a buy signal. In this case, 19.65, 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 TZA slightly near 19.65, target 19.13, Stop Loss @ 19.7. Details
The technical summary data is suggesting a short of TZA if it tests 19.65 with a downside target of 19.13. We should have a stop loss in place at 19.7 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, 19.65, 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 Small Cap Bear 3x Shares (TZA) available here: TZA.
TZA Ratings for March 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
16.64 |
| P2 |
19.13 |
18.67 |
21.45 |
| P3 |
19.86 |
19.65 |
27.22 |
AI Generated Signals for TZA
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Direxion Daily Small Cap Bear 3x Shares (NYSE: TZA) data table below can help you with price action, and we have more details too. Trading plans for TZA are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TZA:
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