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When the Price of Direxion Daily Small Cap Bull 3x #TNA Talks, People Listen

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Direxion Daily Small Cap Bull 3x (NYSE: TNA) 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 TNA 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

Technical Summary

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 82.55
P2 87.72 87.98 97.45
P3 93.20 94.83 114.86
Triggers may have already come
Support and Resistance Plot Chart for TNA

Long Term Trading Plans for TNA

May 9, 2021, 11:15 am ET

The Technical Summary and Trading Plans for TNA 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 TNA Report.

TNA - (Long) Support Plan

The technical summary data tells us to buy TNA near 82.55 with an upside target of 97.45. This data also tells us to set a stop loss @ 82.31 to protect against excessive loss in case the stock begins to move against the trade. 82.55 is the first level of support below 94.21 , and by rule, any test of support is a buy signal. In this case, support 82.55 would be being tested, so a buy signal would exist.

TNA - (Short) Resistance Plan

The technical summary data is suggesting a short of TNA as it gets near 97.45 with a downside target of 82.55. We should have a stop loss in place at 97.73though. 97.45 is the first level of resistance above 94.21, and by rule, any test of resistance is a short signal. In this case, if resistance 97.45 is being tested, so a short signal would exist.

Blue = Current Price
Red= Resistance
Green = Support

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