When (ASEA) Moves Investors should Listen
June 29, 2024, 20:02 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ASEA
- Buy ASEA slightly over 14.08 target 14.56 stop loss @ 14.04 Details
The technical summary data tells us to buy ASEA near 14.08 with an upside target of 14.56. This data also tells us to set a stop loss @ 14.04 to protect against excessive loss in case the stock begins to move against the trade. 14.08 is the first level of support below 14.52 , and by rule, any test of support is a buy signal. In this case, support 14.08 would be being tested, so a buy signal would exist.
- Short ASEA slightly under 14.56, target 14.08, stop loss @ 14.6 Details
The technical summary data is suggesting a short of ASEA as it gets near 14.56 with a downside target of 14.08. We should have a stop loss in place at 14.6though. 14.56 is the first level of resistance above 14.52, and by rule, any test of resistance is a short signal. In this case, if resistance 14.56 is being tested, so a short signal would exist.
Swing Trading Plans for ASEA
- Buy ASEA slightly over 14.56, target 15.02, Stop Loss @ 14.52 Details
If 14.56 begins to break higher, the technical summary data tells us to buy ASEA just slightly over 14.56, with an upside target of 15.02. The data also tells us to set a stop loss @ 14.52 in case the stock turns against the trade. 14.56 is the first level of resistance above 14.52, and by rule, any break above resistance is a buy signal. In this case, 14.56, 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 ASEA slightly near 14.56, target 14.33, Stop Loss @ 14.6. Details
The technical summary data is suggesting a short of ASEA if it tests 14.56 with a downside target of 14.33. We should have a stop loss in place at 14.6 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, 14.56, 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 ASEA
- Buy ASEA slightly over 14.61, target 15.02, Stop Loss @ 14.58 Details
If 14.61 begins to break higher, the technical summary data tells us to buy ASEA just slightly over 14.61, with an upside target of 15.02. The data also tells us to set a stop loss @ 14.58 in case the stock turns against the trade. 14.61 is the first level of resistance above 14.52, and by rule, any break above resistance is a buy signal. In this case, 14.61, 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 ASEA slightly near 14.61, target 14.33, Stop Loss @ 14.64. Details
The technical summary data is suggesting a short of ASEA if it tests 14.61 with a downside target of 14.33. We should have a stop loss in place at 14.64 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, 14.61, 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 Global X Ftse Southeast Asia Etf (ASEA) available here: ASEA.
ASEA Ratings for June 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
14.08 |
| P2 |
14.61 |
14.33 |
14.56 |
| P3 |
0 |
14.56 |
15.02 |
AI Generated Signals for ASEA
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Global X Ftse Southeast Asia Etf (NASDAQ: ASEA) report below is a real world example. Included are trading plans for ASEA, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ASEA:
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