How To Trade Proshares Short Msci Eafe EFZ

June 22, 2021, 11:30 am ET, BY Allen K.- 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.

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.

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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.

EFZ Ratings for June 22: Below:

Support and Resistance Plot Chart for EFZ

Longer Term Trading Plans for EFZ

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 17.57 target 18.27 stop loss @ 17.52

The technical summary data tells us to buy EFZ near 17.57 with an upside target of 18.27. This data also tells us to set a stop loss @ 17.52 to protect against excessive loss in case the stock begins to move against the trade. 17.57 is the first level of support below 18.215 , and by rule, any test of support is a buy signal. In this case, support 17.57 is being tested, a buy signal would exist.

Short Resistance Plan (Long Term Trading)

Short EFZ under 18.27, target 17.57, stop loss @ 18.32

The technical summary data is suggesting a short of EFZ as it gets near 18.27 with a downside target of 17.57. We should have a stop loss in place at 18.32though. 18.27 is the first level of resistance above 18.215, and by rule, any test of resistance is a short signal. In this case, if resistance 18.27 is being tested, a short signal would exist.

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