When Proshares Ultrashort Russell20 (TWM) Moves Investors should Listen

July 23, 2022, 23:00 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Proshares Ultrashort Russell20 (NYSE: TWM) report below is a real world example. Included are trading plans for TWM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for TWM

• Buy TWM slightly over 15.22 target 17.45 stop loss @ 15.18 Details

The technical summary data tells us to buy TWM near 15.22 with an upside target of 17.45. This data also tells us to set a stop loss @ 15.18 to protect against excessive loss in case the stock begins to move against the trade. 15.22 is the first level of support below 17.1 , and by rule, any test of support is a buy signal. In this case, support 15.22 would be being tested, so a buy signal would exist.

• Short TWM under 17.45, target 15.22, stop loss @ 17.5 Details

The technical summary data is suggesting a short of TWM as it gets near 17.45 with a downside target of 15.22. We should have a stop loss in place at 17.5though. 17.45 is the first level of resistance above 17.1, and by rule, any test of resistance is a short signal. In this case, if resistance 17.45 is being tested, so a short signal would exist.

Swing Trading Plans for TWM

• Buy TWM slightly over 17.45, target 18.12, Stop Loss @ 17.4 Details

If 17.45 begins to break higher, the technical summary data tells us to buy TWM just slightly over 17.45, with an upside target of 18.12. The data also tells us to set a stop loss @ 17.4 in case the stock turns against the trade. 17.45 is the first level of resistance above 17.1, and by rule, any break above resistance is a buy signal. In this case, 17.45, 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 TWM near 17.45, target 16.66, Stop Loss @ 17.5. Details

The technical summary data is suggesting a short of TWM if it tests 17.45 with a downside target of 16.66. We should have a stop loss in place at 17.5 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, 17.45, 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 TWM

• Buy TWM slightly over 17.45, target 18.12, Stop Loss @ 17.41 Details

If 17.45 begins to break higher, the technical summary data tells us to buy TWM just slightly over 17.45, with an upside target of 18.12. The data also tells us to set a stop loss @ 17.41 in case the stock turns against the trade. 17.45 is the first level of resistance above 17.1, and by rule, any break above resistance is a buy signal. In this case, 17.45, 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 TWM near 17.45, target 16.76, Stop Loss @ 17.49. Details

The technical summary data is suggesting a short of TWM if it tests 17.45 with a downside target of 16.76. We should have a stop loss in place at 17.49 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, 17.45, 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.

TWM Ratings for July 23:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	15.22
P2	15.93	16.66	17.45
P3	16.76	18.12	19.89

Support and Resistance Plot Chart for TWM

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