Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Direxion Daily Nyse Fang+ Bull 2x Shares (NASDAQ: FNGG) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for FNGG change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if FNGG is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for FNGG too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for FNGG

• Buy FNGG near 129.57 target 148.03 stop loss @ 129.2
• Short FNGG slightly under 148.03, target 129.57, stop loss @ 148.46

Swing Trading Plans for FNGG

• Buy FNGG slightly over 140.58, target 146, Stop Loss @ 140.17
• Short FNGG slightly near 140.58, target 129.57, Stop Loss @ 140.99.

Day Trading Plans for FNGG

• Buy FNGG slightly over 140.58, target 141.37, Stop Loss @ 140.25
• Short FNGG slightly near 140.58, target 138.91, Stop Loss @ 140.91.

FNGG Technical Summary | Raw Data for the Trading Plans