(MIDU) Technical Pivots with Risk Controls

November 13, 2024, 19:12 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MIDU

• Buy MIDU near 56.46 target 62.89 stop loss @ 56.3 Details

The technical summary data tells us to buy MIDU near 56.46 with an upside target of 62.89. This data also tells us to set a stop loss @ 56.3 to protect against excessive loss in case the stock begins to move against the trade. 56.46 is the first level of support below 62.13 , and by rule, any test of support is a buy signal. In this case, support 56.46 is being tested, a buy signal would exist.

• Short MIDU slightly under 62.89, target 56.46, stop loss @ 63.07 Details

The technical summary data is suggesting a short of MIDU as it gets near 62.89 with a downside target of 56.46. We should have a stop loss in place at 63.07though. 62.89 is the first level of resistance above 62.13, and by rule, any test of resistance is a short signal. In this case, if resistance 62.89 is being tested, a short signal would exist.

Swing Trading Plans for MIDU

• Buy MIDU slightly over 62.89, target 63.25, Stop Loss @ 62.71 Details

If 62.89 begins to break higher, the technical summary data tells us to buy MIDU just slightly over 62.89, with an upside target of 63.25. The data also tells us to set a stop loss @ 62.71 in case the stock turns against the trade. 62.89 is the first level of resistance above 62.13, and by rule, any break above resistance is a buy signal. In this case, 62.89, 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 MIDU slightly near 62.89, target 56.46, Stop Loss @ 63.07. Details

The technical summary data is suggesting a short of MIDU if it tests 62.89 with a downside target of 56.46. We should have a stop loss in place at 63.07 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, 62.89, 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 MIDU

• Buy MIDU slightly over 63.25, target 65, Stop Loss @ 63.1 Details

If 63.25 begins to break higher, the technical summary data tells us to buy MIDU just slightly over 63.25, with an upside target of 65. The data also tells us to set a stop loss @ 63.1 in case the stock turns against the trade. 63.25 is the first level of resistance above 62.13, and by rule, any break above resistance is a buy signal. In this case, 63.25, 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 MIDU slightly near 63.25, target 56.46, Stop Loss @ 63.4. Details

The technical summary data is suggesting a short of MIDU if it tests 63.25 with a downside target of 56.46. We should have a stop loss in place at 63.4 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, 63.25, 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 Mid Cap Bull 3x Shares (MIDU) available here: MIDU.

MIDU Ratings for November 13:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	50
P2	63.06	63.25	56.46
P3	65	68.32	62.89

AI Generated Signals for MIDU

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The technical pivots for Direxion Daily Mid Cap Bull 3x Shares (NASDAQ: MIDU) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MIDU 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 MIDU 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 MIDU too.  All of these are offered below the Summary Table.