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June 29, 2024, 5:48 PM ET, BY Bill T. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for AMZU

• Buy AMZU just above 35.56, target 39.17, stop loss at 35.46 details

The technical summary data tells us to buy AMZU at 35.56 with an upside target of 39.17. This data also tells us to set a stop loss at 35.46 to protect ourselves from excessive losses in case the stock starts moving against the trade. 35.56 is the first support level below 37.3, and any test of support is usually a buy signal. In this case, the support at 35.56 is tested, a buy signal would be present.

• Short AMZU just below 39.17, target 35.56, stop loss at 39.28 details

The technical summary data suggests a short AMZU as it approaches 39.17, with a downside target of 35.56. However, we should place a stop loss at 39.28. 39.17 is the first resistance level above 37.3, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 39.17 resistance is tested.

Swing Trading Plans for AMZU

• Buy AMZU just above 38.96, target 39.17, stop loss at 38.85 details

If 38.96 starts to rise, the technical summary data tells us to buy AMZU just above 38.96, with an upside target of 39.17. The data also tells us to set a stop loss at 38.85 in case the stock turns against the trade. 38.96 is the first resistance level above 37.3, and any break above resistance is usually a buy signal. In this case, 38.96, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short AMZU close to 38.96, target 36.32, stop loss at 39.07. details

The technical summary data suggests a short of AMZU if it tests 38.96 with a downside target of 36.32. However, we should place a stop loss at 39.07 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 38.96 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for AMZU

• Buy AMZU just above 38.2, target 38.96, stop loss at 38.11. details

If 38.2 starts to rise, the technical summary data tells us to buy AMZU just above 38.2, with an upside target of 38.96. The data also tells us to set a stop loss at 38.11 in case the stock turns against the trade. 38.2 is the first resistance level above 37.3, and any break above resistance is usually a buy signal. In this case, 38.2, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short AMZU close to 38.2, target 36.32, stop loss at 38.29. details

The technical summary data suggests a short of AMZU if it tests 38.2 with a downside target of 36.32. However, we should place a stop loss at 38.29 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 38.2 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Direxion Sh Etf Tr (AMZU) available here: AMZU.

AMZU Ratings for June 29:

AI-generated signals for AMZU

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This report was created using an AI developed by Stock Traders Daily. Over the last 20 years, this proprietary AI has been refined to identify the most favorable trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The goal of this specific report is to optimize trading in Direxion Sh Etf Tr (NASDAQ: AMZU) while incorporating prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for AMZU change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection against market downturns with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when AMZU tests support, buy signals emerge and resistance is the target. Conversely, a test of resistance is a sign to control risk or go short, and support would be the downside target accordingly. In any 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 to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for AMZU. All of these are offered below the summary table.