(CHAU) Technical Data

November 22, 2024, 00:26 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CHAU

• Buy CHAU near 15.41 target 18.96 stop loss @ 15.37 Details

The technical summary data tells us to buy CHAU near 15.41 with an upside target of 18.96. This data also tells us to set a stop loss @ 15.37 to protect against excessive loss in case the stock begins to move against the trade. 15.41 is the first level of support below 15.8 , and by rule, any test of support is a buy signal. In this case, support 15.41 is being tested, a buy signal would exist.

• Short CHAU slightly under 18.96, target 15.41, stop loss @ 19.01 Details

The technical summary data is suggesting a short of CHAU as it gets near 18.96 with a downside target of 15.41. We should have a stop loss in place at 19.01though. 18.96 is the first level of resistance above 15.8, and by rule, any test of resistance is a short signal. In this case, if resistance 18.96 is being tested, a short signal would exist.

Swing Trading Plans for CHAU

• Buy CHAU slightly over 15.87, target 18.96, Stop Loss @ 15.82 Details

If 15.87 begins to break higher, the technical summary data tells us to buy CHAU just slightly over 15.87, with an upside target of 18.96. The data also tells us to set a stop loss @ 15.82 in case the stock turns against the trade. 15.87 is the first level of resistance above 15.8, and by rule, any break above resistance is a buy signal. In this case, 15.87, 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.

• Short CHAU slightly near 15.87, target 15.41, Stop Loss @ 15.92. Details

The technical summary data is suggesting a short of CHAU if it tests 15.87 with a downside target of 15.41. We should have a stop loss in place at 15.92 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, 15.87, 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.

Day Trading Plans for CHAU

• Buy CHAU slightly over 15.87, target 18.96, Stop Loss @ 15.83 Details

If 15.87 begins to break higher, the technical summary data tells us to buy CHAU just slightly over 15.87, with an upside target of 18.96. The data also tells us to set a stop loss @ 15.83 in case the stock turns against the trade. 15.87 is the first level of resistance above 15.8, and by rule, any break above resistance is a buy signal. In this case, 15.87, 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.

• Short CHAU slightly near 15.87, target 15.41, Stop Loss @ 15.91. Details

The technical summary data is suggesting a short of CHAU if it tests 15.87 with a downside target of 15.41. We should have a stop loss in place at 15.91 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, 15.87, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Direxion Daily Csi 300 China A Share Bull 2x Shares (CHAU) available here: CHAU.

CHAU Ratings for November 22:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	13.06
P2	15.83	14.8	15.41
P3	0	15.87	18.96

AI Generated Signals for CHAU

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Direxion Daily Csi 300 China A Share Bull 2x Shares (NASDAQ: CHAU) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CHAU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CHAU 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 CHAU too.  All of these are offered below the Summary Table.