Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
September 14, 2024, 01:18 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy RBLD near 64.84 with an upside target of 67.07. This data also tells us to set a stop loss @ 64.65 to protect against excessive loss in case the stock begins to move against the trade. 64.84 is the first level of support below 64.9368 , and by rule, any test of support is a buy signal. In this case, support 64.84 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of RBLD as it gets near 67.07 with a downside target of 64.84. We should have a stop loss in place at 67.26though. 67.07 is the first level of resistance above 64.9368, and by rule, any test of resistance is a short signal. In this case, if resistance 67.07 is being tested, a short signal would exist.
If 67.07 begins to break higher, the technical summary data tells us to buy RBLD just slightly over 67.07, with an upside target of n/a. The data also tells us to set a stop loss @ 66.88 in case the stock turns against the trade. 67.07 is the first level of resistance above 64.9368, and by rule, any break above resistance is a buy signal. In this case, 67.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of RBLD if it tests 67.07 with a downside target of 64.84. We should have a stop loss in place at 67.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
If 67.07 begins to break higher, the technical summary data tells us to buy RBLD just slightly over 67.07, with an upside target of n/a. The data also tells us to set a stop loss @ 66.91 in case the stock turns against the trade. 67.07 is the first level of resistance above 64.9368, and by rule, any break above resistance is a buy signal. In this case, 67.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of RBLD if it tests 67.07 with a downside target of 64.84. We should have a stop loss in place at 67.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Trading or Investing in First Trust Alerian U.s. Nextgen Infrastructure Etf (NASDAQ: RBLD) involves an observation of the technicals, every time. This data reveals the current technicals.