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 9/21/09. Knowing the support and resistance levels for FAS will help you trade FAZ.FAS Support and Resistance Levels - September 21, 2009
Resistance Levels: $88.80, $91.02, $100.00
Support Levels: $85.50, $81.21, $77.60
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FAS hit a high of $91.05 on Thursday but then pulled back to support at $85.50. Support of $85.50 has held two straight days and is very solid. If FAS does break below $85.50, I will jump in FAZ for a quick trade. FAS then has support around the $82.50 area which was previous resistance. I'd also be a buyer of FAS if it breaks below $80. For More Technical Analysis - Go Here
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