How the price action of Greif Inc. Class A ($GEF) is used to our Advantage
December 10, 2023, 19:30 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GEF
- Buy GEF slightly over 62.52 target 67.88 stop loss @ 62.34 Details
The technical summary data tells us to buy GEF near 62.52 with an upside target of 67.88. This data also tells us to set a stop loss @ 62.34 to protect against excessive loss in case the stock begins to move against the trade. 62.52 is the first level of support below 64.36 , and by rule, any test of support is a buy signal. In this case, support 62.52 would be being tested, so a buy signal would exist.
- Short GEF slightly under 67.88, target 62.52, stop loss @ 68.08 Details
The technical summary data is suggesting a short of GEF as it gets near 67.88 with a downside target of 62.52. We should have a stop loss in place at 68.08though. 67.88 is the first level of resistance above 64.36, and by rule, any test of resistance is a short signal. In this case, if resistance 67.88 is being tested, so a short signal would exist.
Swing Trading Plans for GEF
- Buy GEF slightly over 66.52, target 67.88, Stop Loss @ 66.33 Details
If 66.52 begins to break higher, the technical summary data tells us to buy GEF just slightly over 66.52, with an upside target of 67.88. The data also tells us to set a stop loss @ 66.33 in case the stock turns against the trade. 66.52 is the first level of resistance above 64.36, and by rule, any break above resistance is a buy signal. In this case, 66.52, 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 GEF slightly near 66.52, target 62.52, Stop Loss @ 66.71. Details
The technical summary data is suggesting a short of GEF if it tests 66.52 with a downside target of 62.52. We should have a stop loss in place at 66.71 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, 66.52, 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 GEF
- Buy GEF slightly over 66.52, target 67.88, Stop Loss @ 66.36 Details
If 66.52 begins to break higher, the technical summary data tells us to buy GEF just slightly over 66.52, with an upside target of 67.88. The data also tells us to set a stop loss @ 66.36 in case the stock turns against the trade. 66.52 is the first level of resistance above 64.36, and by rule, any break above resistance is a buy signal. In this case, 66.52, 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 GEF slightly near 66.52, target 63.77, Stop Loss @ 66.68. Details
The technical summary data is suggesting a short of GEF if it tests 66.52 with a downside target of 63.77. We should have a stop loss in place at 66.68 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, 66.52, 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 Greif Inc. Class A (GEF) available here: GEF.
GEF Ratings for December 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
62.52 |
| P2 |
63.77 |
66.52 |
67.88 |
| P3 |
66.5 |
70.81 |
73.35 |
AI Generated Signals for GEF
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 Greif Inc. Class A (NYSE: GEF) data table below can help you with price action, and we have more details too. Trading plans for GEF 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 GEF:
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