(FHQ) Technical Pivots with Risk Controls
The technical pivots for First Trust AlphaDEX U.S. Technology Sector Index ETF (TSX: FHQ) help you determine how to trade, when to buy, when to sell, and how to control risk. Instructions: The rules that govern the data in this report are the rules of Technical Analysis. For example, if FHQ is testing support buy signals surface, and resistance is the target. Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly. In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too. Swing Trades, Day Trades, and Longer-term Trading Plans: This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long-Term Investing plans for FHQ too. All of these are offered below the Summary Table.
Trading Plans (Long Term)
Buy near 102.86, target 108.70, stop loss @ 102.35
Short near 108.70, target 102.86, stop loss @ 109.24
Check the time stamp on this data. Updated AI-Generated Signals for First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ:CA) available here.
FHQ:CA Ratings for February 12:
Term | Near | Mid | Long |
---|---|---|---|
Rating | Neutral | Neutral | Strong |
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