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Direxion Financial Bull 3X Shares

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FAS Stock Chart Fibonacci Analysys 030825 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 147/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: C A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AMEX:FAS
by fibonacci6180
FAS Stock Chart Fibonacci Analysis 092523 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 61.3/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AMEX:FAS
by fibonacci6180
FAS bullish leveraged EFT on the financial sectorFAS is one of the Direxion leveraged ETFs focused on the financial sector. As can be seen on the 15 minute the price action has had increasing volatility in the past month. Increasing volatility is the hallmark of the megaphone pattern ( a megaphone is a cone like hand held plastic device used in the old days before bullhorns and other things to amplify voice for cheers). FAS may have increasing volatility because of federal actions related to rate hikes, some bank failures and the banking industry adjusting to the " new normal" as higher rates become increasingly integrated into the financial system while still remaining viligent regarding a recession and its own set of complications. To play a megaphone traders will typically set a plan to buy on the lower support trendline hold for a short period and then sell at the upper resistance trendline. I will open a long trade on FAS given that it is presently near to support making for a suitable risk to reward ratio if putting a stop loss immediately below the support trendline.
AMEX:FASLong
by AwesomeAvani
W PatternLeveraged. Appears to be a shark and the 4th leg, if it has finished, terminated at the .886. Valley 2 is lower than Valley 1. If this is a shark it will reverse at the .886 or the 1.113 of OX. No recommendation. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across financials sectors. It uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. The fund seeks to track 3x the daily performance of the Financials Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares was formed on November 6, 2008 and is domiciled in the United States. The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Financials Select Sector Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; capital markets; Insurance; and Mortgage REITs. It is non-diversified. Benchmark: Financials Select Sector TR USD
AMEX:FASShort
by lauralea
2
Financials FAS and FAZPossible bearish shark. Valley 2 is lower than valley 1. Price has turned, for now, at the 1.113. I left this line dashed in case this 4th leg has no terminated yet. Doji of indecision today after a gap down at open. No recommendation. The opposite, or bearish version of the financial industry is FAZ. These are leveraged ETF x 3. No recommendation. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across financials sectors. It uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. The fund seeks to track 3x the daily performance of the Financials Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares was formed on November 6, 2008 and is domiciled in the United States. FAZ
AMEX:FAS
by lauralea
FAS possible retest of March lows, target 15Looking at the long term picture, we did not have a clear B wave bouncing during the March crash, that could suggest a full ABC retracement was completed. We could possibly be rejected at the upcoming Fibb levels, particularly around 50 and 61.8 retracements around 61 and 71. MACD divergence is also negative, which could suggest an impending correction, the extent to which that correction will last is subjective. Watching this for "investing" purposes, if we can get close to the C wave lows around 15. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2020
AMEX:FASShort
by UnknownUnicorn4017959
$FAS Softens on Conference Weight, but Catalysts LoomFAS took a beating on Tuesday during the Barclay's bank conference as players revealed all the nasty writedowns on the way. But the BofA survey of large fund managers also hit the wires, showing that the most concrete outlook is an expectation of a steepening yield curve once a vaccine is around, which directly translates into rapid growth in bank net margins. Look for dips here to be reversed on squeezes as we push toward an inevitable vaccine.
AMEX:FAS
by GregFolin