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 10/14/09. Knowing the support and resistance levels for FAS will help you trade FAZ.FAS Support and Resistance Levels - October 14, 2009
Resistance Levels: $88.59, $91.34
Support Levels: $83, $79.50
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FAS continues to trade sideways in the uptrend but with the futures surging today, FAS could be starting a new uptrend. I would be watching for a break up through $88.59 and a close over $91.34 as a sign of strength. The only way I'd buy FAZ right now is if FAS broke through It's low of the day. This however, is strictly for a quick trade. FAS will have resistance at $100. For More Technical Analysis - Go Here
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