How the (NVDL) price action is used to our Advantage
October 02, 2024, 00:30 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NVDL
- Buy NVDL near 52.04 target 68.73 stop loss @ 51.89 Details
The technical summary data tells us to buy NVDL near 52.04 with an upside target of 68.73. This data also tells us to set a stop loss @ 51.89 to protect against excessive loss in case the stock begins to move against the trade. 52.04 is the first level of support below 53.88 , and by rule, any test of support is a buy signal. In this case, support 52.04 would be being tested, so a buy signal would exist.
- Short NVDL slightly under 68.73, target 52.04, stop loss @ 68.93 Details
The technical summary data is suggesting a short of NVDL as it gets near 68.73 with a downside target of 52.04. We should have a stop loss in place at 68.93though. 68.73 is the first level of resistance above 53.88, and by rule, any test of resistance is a short signal. In this case, if resistance 68.73 is being tested, so a short signal would exist.
Swing Trading Plans for NVDL
- Buy NVDL slightly over 55.31, target 61.19, Stop Loss @ 55.15 Details
If 55.31 begins to break higher, the technical summary data tells us to buy NVDL just slightly over 55.31, with an upside target of 61.19. The data also tells us to set a stop loss @ 55.15 in case the stock turns against the trade. 55.31 is the first level of resistance above 53.88, and by rule, any break above resistance is a buy signal. In this case, 55.31, 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 NVDL slightly near 55.31, target 52.04, Stop Loss @ 55.47. Details
The technical summary data is suggesting a short of NVDL if it tests 55.31 with a downside target of 52.04. We should have a stop loss in place at 55.47 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, 55.31, 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 NVDL
- Buy NVDL slightly over 55.31, target 55.55, Stop Loss @ 55.18 Details
If 55.31 begins to break higher, the technical summary data tells us to buy NVDL just slightly over 55.31, with an upside target of 55.55. The data also tells us to set a stop loss @ 55.18 in case the stock turns against the trade. 55.31 is the first level of resistance above 53.88, and by rule, any break above resistance is a buy signal. In this case, 55.31, 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 NVDL slightly near 55.31, target 53.04, Stop Loss @ 55.44. Details
The technical summary data is suggesting a short of NVDL if it tests 55.31 with a downside target of 53.04. We should have a stop loss in place at 55.44 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, 55.31, 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 Graniteshares 1.5x Long Nvda Daily Etf (NVDL) available here: NVDL.
NVDL Ratings for October 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
52.04 |
| P2 |
53.04 |
55.31 |
68.73 |
| P3 |
55.55 |
61.19 |
87.31 |
AI Generated Signals for NVDL
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Graniteshares 1.5x Long Nvda Daily Etf (NASDAQ: NVDL) data table below can help you with price action, and we have more details too. Trading plans for NVDL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NVDL:
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