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$ETHE | How To Trade ($ETHE) (ETHE)

By Thomas Kee

$ETHE | How To Trade ($ETHE) (ETHE)

The technical summary data tells us to buy ETHE near 20.96 with an upside target of 25.9. This data also tells us to set a stop loss @ 20.9 to protect against excessive loss in case the stock begins to move against the trade. 20.96 is the first level of support below 22.075 , and by rule, any test of support is a buy signal. In this case, support 20.96 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of ETHE as it gets near 25.9 with a downside target of 20.96. We should have a stop loss in place at 25.97though. 25.9 is the first level of resistance above 22.075, and by rule, any test of resistance is a short signal. In this case, if resistance 25.9 is being tested, so a short signal would exist.

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