pool adsGlobal X Social Media Index Et $SOCL Technical Update
The Global X Social Media Index Et (NASDAQ: SOCL) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for SOCL, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 27.34 | 25.90 | 26.17 |
| P2 | 28.09 | 28.12 | 30.03 |
| P3 | 28.96 | 30.02 | 33.71 |
Support and Resistance Plot Chart for SOCL
Long Term Trading Plans for SOCL
November 15, 2018, 4:15 pm ET
The Technical Summary and Trading Plans for SOCL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SOCL Report.
SOCL - (Long) Support Plan
Buy over 26.17 target 30.03 stop loss @ 25.91.
The technical summary data tells us to buy SOCL near 26.17 with an upside target of 30.03. This data also tells us to set a stop loss @ 25.91 to protect against excessive loss in case the stock begins to move against the trade. 26.17 is the first level of support below 28.5 , and by rule, any test of support is a buy signal. In this case, support 26.17 would be being tested, so a buy signal would exist.
SOCL - (Short) Resistance Plan
Short under 30.03 target 26.17 stop loss @ 30.29.
The technical summary data is suggesting a short of SOCL as it gets near 30.03 with a downside target of 26.17. We should have a stop loss in place at 30.29 though. 30.03 is the first level of resistance above 28.5, and by rule, any test of resistance is a short signal. In this case, if resistance 30.03 is being tested, so a short signal would exist.
