The Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past ten months. The following is technical analysis on Financial Bull ( FAS ) for 9/28/09. Knowing the support and resistance levels for FAS will help you trade FAZ.FAS Support and Resistance Levels - September 28, 2009
Resistance Levels: $80.20, $84, $85.60
Support Levels: $76, $74, $70
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FAS continues to break support levels after closing back below the 10 day moving average last week. I will be watching the $74-$75 area next week. If FAS breaks down into that zone, I may try to buy for a trade. If FAS closes below $74, I will get out. I am more willing to buy FAS around $70. On the upside, FAS will run if it breaks Friday's high of $80.20. For More Technical Analysis - Go Here
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