BEST STOCKS TO BUY TODAY: YANG @03/09/2023
| Ticker | YANG, Financial | Note |
| Last Price | 12.09 | |
| Buy | 12.09 | Limit Order This is generated by our mechanical trading system. Please read the chart section for more detailed and flexible entry options. |
| Target | 13.3 | Default at 10%, Or Sell when close below ma5(short term)/10(midterm)/20(long term) or when big down day or when formed inverted hammer at a resistance level |
| Stop | 10.62 | |
| Reward/Risk | .82 : 1 |
More Technical Status
| ATR | 0.69 | |
| Beta | – | |
| RSI(14) | 64.97 | |
| SMA20 | 21.12% | Distance to SMA20 |
| SMA50 | 30.68% | Distance to SMA50 |
| Recommendation | – | Analysts’ mean recommendation (1=Buy 5=Sell) |
Our system generated several buy signals today. YANG is one of them. Let’s take a look at this stock’s chart.
YANG jumped 11.53% today. Similar as PSQ, it is bear fund, and it is 3X bear fund. So normally for fund like this, we should only hold for short term. It is not good for long holding. And it is not recommend to heavy position.
Overall, it just breaks out the previous high and it should go to $15 – $20 level pretty soon.
More info about YANG
The Direxion Daily FTSE China Bear 3X Shares ETF (YANG) is a type of exchange-traded fund (ETF) that seeks to provide three times the inverse performance of the FTSE China 50 Index on a daily basis. This means that if the FTSE China 50 Index goes down in value, the YANG ETF should go up in value by three times that amount, and vice versa. The YANG ETF achieves this through the use of various financial instruments such as futures contracts and swaps. This fund is primarily used by investors who wish to profit from potential declines in the Chinese stock market. However, it’s important to note that due to its leveraged nature, the YANG ETF is considered a high-risk investment and may not be suitable for all investors.