Learn to Evaluate (OILU) using the Charts
October 02, 2024, 02:46 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OILU
- Buy OILU near 30.1 target 37.19 stop loss @ 30.01 Details
The technical summary data tells us to buy OILU near 30.1 with an upside target of 37.19. This data also tells us to set a stop loss @ 30.01 to protect against excessive loss in case the stock begins to move against the trade. 30.1 is the first level of support below 33.3 , and by rule, any test of support is a buy signal. In this case, support 30.1 would be being tested, so a buy signal would exist.
- Short OILU slightly under 37.19, target 30.1, stop loss @ 37.3 Details
The technical summary data is suggesting a short of OILU as it gets near 37.19 with a downside target of 30.1. We should have a stop loss in place at 37.3though. 37.19 is the first level of resistance above 33.3, and by rule, any test of resistance is a short signal. In this case, if resistance 37.19 is being tested, so a short signal would exist.
Swing Trading Plans for OILU
- Buy OILU slightly over 37.19, target 44.66, Stop Loss @ 37.08 Details
If 37.19 begins to break higher, the technical summary data tells us to buy OILU just slightly over 37.19, with an upside target of 44.66. The data also tells us to set a stop loss @ 37.08 in case the stock turns against the trade. 37.19 is the first level of resistance above 33.3, and by rule, any break above resistance is a buy signal. In this case, 37.19, 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 OILU slightly near 37.19, target 33.28, Stop Loss @ 37.3. Details
The technical summary data is suggesting a short of OILU if it tests 37.19 with a downside target of 33.28. We should have a stop loss in place at 37.3 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, 37.19, 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 OILU
- Buy OILU slightly over 33.32, target 37.19, Stop Loss @ 33.24 Details
If 33.32 begins to break higher, the technical summary data tells us to buy OILU just slightly over 33.32, with an upside target of 37.19. The data also tells us to set a stop loss @ 33.24 in case the stock turns against the trade. 33.32 is the first level of resistance above 33.3, and by rule, any break above resistance is a buy signal. In this case, 33.32, 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 OILU slightly near 33.32, target 30.94, Stop Loss @ 33.4. Details
The technical summary data is suggesting a short of OILU if it tests 33.32 with a downside target of 30.94. We should have a stop loss in place at 33.4 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, 33.32, 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 Bank Of Montreal Zc Sp Etn Redeem 28/06/2041 Usd 25 - 063679583 (OILU) available here: OILU.
OILU Ratings for October 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
30.1 |
| P2 |
30.94 |
30.17 |
37.19 |
| P3 |
33.32 |
33.28 |
44.66 |
AI Generated Signals for OILU
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Bank Of Montreal Zc Sp Etn Redeem 28/06/2041 Usd 25 - 063679583 (NASDAQ: OILU) report below can help you understand how to do this. The trading plans for OILU, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for OILU:
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