TECS/SSG Potential Long OpportunityTECS/SSG pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
TECS trade ideas
INVERSE H&SInverse head and shoulders is a bullish pattern that is usually found at a bottom.
There are 2 shoulders that should be relatively close in price and a deeper valley in the middle of the 2 shoulders that forms a head.
Direxion Daily Technology Bear 3X Shares ETF. Leveraged.
The pattern is not valid until the neckline is clearly broken with an uptrend.
Until it is broken, the neckline is strong resistance.
No recommendation
Direxion Shares ETF Trust - Direxion Daily Technology Bear 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives and through other funds in stocks of companies operating across information technology sectors. The fund employs short strategy and 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 Technology Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Technology Bear 3X Shares was formed on December 17, 2008 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Technology Select Sector Index. The fund, under normal circumstances, invests at least 80% of it’s net assets (plus borrowing for investment purposes) in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the Index or to ETFs that track the Index. The index is provided by S&P Dow Jones Indices (the "index provider") and includes domestic companies from the technology sector. It is non-diversified. Benchmark: S&P Technology Select Sector TR USD
Continuation Wedge (Bullish) | 46% move possibleDirexion Daily Technology Bear 3x Shares forms bullish "Continuation Wedge" chart pattern
"Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Technology Bear 3x Shares (TECS:NYSE). This bullish signal indicates that the stock price may rise from the close of $22.4 to the range of $31.00 - $33.00. The pattern formed over 17 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
$TECS high retest? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
First entry: $51
2nd entry: $45.5
Avg pp/s: $48.25
Take profit: $57 (+18%)
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$TECS a 50% gain? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered $TECS today before market close at $39 per share in order to secure gains from the possible upcoming market downturn.
Our portfolio as of 7/20/22: $TECS
OUR ENTRY: $39
TAKE PROFIT: $58
STOP LOSS: $37
$TECS market hedge 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team will be using $TECS to secure gains from the possible upcoming market downturn.
Our portfolio as of 7/11/22: $TECS $CRK $MIRM
OUR ENTRY: $45.50
TAKE PROFIT: $60
STOP LOSS: $43.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
bear flag on the weekly chart of 3x technology bear etfI'm super bullish on technology esp Apple, Microsoft, Google , FB, Amazon, Nvda all are heavyweights in the spy etf and sp500 index.. So i'm electing to short the 3x bear etf on technology.
There is a bear flag on the 3x bear etf weekly chart. The cup/handle trapped those that were bullish on this etf. However, look at the triangle and how price action is teetering on the trend lines
$FNGD $TECS $LIXT Quick Bucks!1. Bullish kicker SOR at end of a short time down trend.
2. Stoch RSI oversold
3. Bullish MA intersection
Using Fibo, I plotted my TPs on green, cutloss on red then entry at blue. After assessing possible gain over loss using average TP and CL point, there's possible quick bucks on this tomorrow or next week.
TECS Coils as SPY Double TOPs!SPY is topping, forming a double top. This looks very good for TECS
I own January 20th $24 calls. Looking good...
What will be the trigger?
- Trade negotiation between China and US could derail
- The BREXIT's faith to be determined this month
- Europe' s and Global economy are weakening
- Earning season starts and we are in an earning recession as of last quarter... will it be confirmed?
We have added one more disturbance to the list this week...
- Trump impeachment inquiries...
Also look at this analysis... very interesting...
www.thetechnicaltraders.com
Good luck!
Disclaimer: The above are just my opinions and should not be construed as trading advise
Locked and loaded for the BIG correction! Bought TECS calls expiring January 2020 and UVXY Calls expiring September 30th . Don't flinch if they drop. Just wait and cash in when they pop! I'll update weekly. Use only risk capital.
Target 1 for TECS is $21 and target 2 is $30
UVXY Target 1 $50 and target 2 is $75
Because they are options, reduce your position and be patient. I set no hard stop on those.
The above are only my opinions and are not trading advices. This is just something to get you thinking... an idea, THAT'S ALL! I am not responsible nor liable for any financial losses you may incur following my ideas. Also know that leveraged ETFs such as UGAZ carry additional risks. READ the prospectus! Do your own analysis and due diligence PLEASE!
Technology Bear TECS Shows Buying Accumulation in Price DeclineTECS, Technology BEAR EFT,
is showing strong buying pressure in the face of recent price weakness.
"On Balance Volume" created by Joe Granville,
is showing accumulation, large buying coming into TECS,
even as price declines ( As Shown )
That is called a bullish divergence,
which offers the trader the opportunity to own TECS, Technology Bear ETF
while benefiting from lower cost entry point.
I started buying TECS last fall,around 20,
and was rewarded at the time, by the bursting of the Fang Stock Bubble,
in the Nasdaq 100.
An absorption decline has brought TECS back to a level,
where buyers feel the need to come back in,even in the face of declining price.
That is is Bullish Buy Setup,.
Any further decline in TECS towards 25,should be viewed as a buying opportunity,
to short the "Hyperwave" crash stocks known as Fang ,
Amazon, Apple, Google, Facebook, and Netflix.
Earnings disappointments in Q1, 2019, and the markets reaction is the bet here.
Thanks to LucyF 2492 for the inspiration in revisiting this ETF in 2019.
TECS Last 27.67
THE_UNWIND
1/5/19
NEW YORK