Ishares Global Clean Energy Et ICLN Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for ICLN
  • Buy ICLN over 20.70 target 24.71 stop loss @ 20.64 Details
  • The technical summary data tells us to buy ICLN near 20.70 with an upside target of 24.71. This data also tells us to set a stop loss @ 20.64 to protect against excessive loss in case the stock begins to move against the trade. 20.70 is the first level of support below 22.88 , and by rule, any test of support is a buy signal. In this case, support 20.70 would be being tested, so a buy signal would exist.

  • Short ICLN under 24.71, target 20.70, stop loss @ 24.78 Details
  • The technical summary data is suggesting a short of ICLN as it gets near 24.71 with a downside target of 20.70. We should have a stop loss in place at 24.78though. 24.71 is the first level of resistance above 22.88, and by rule, any test of resistance is a short signal. In this case, if resistance 24.71 is being tested, so a short signal would exist.

Swing Trading Plans for ICLN
  • Buy ICLN over 23.35, target 24.71, Stop Loss @ 23.28 Details
  • If 23.35 begins to break higher, the technical summary data tells us to buy ICLN just over 23.35, with an upside target of 24.71. The data also tells us to set a stop loss @ 23.28 in case the stock turns against the trade. 23.35 is the first level of resistance above 22.88, and by rule, any break above resistance is a buy signal. In this case, 23.35, 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 ICLN near 23.35, target 22.70, Stop Loss @ 23.42. Details
  • The technical summary data is suggesting a short of ICLN if it tests 23.35 with a downside target of 22.70. We should have a stop loss in place at 23.42 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, 23.35, 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 ICLN
  • Buy ICLN over 22.96, target 23.35, Stop Loss @ 22.91 Details
  • If 22.96 begins to break higher, the technical summary data tells us to buy ICLN just over 22.96, with an upside target of 23.35. The data also tells us to set a stop loss @ 22.91 in case the stock turns against the trade. 22.96 is the first level of resistance above 22.88, and by rule, any break above resistance is a buy signal. In this case, 22.96, 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 ICLN near 22.96, target 22.70, Stop Loss @ 23.01. Details
  • The technical summary data is suggesting a short of ICLN if it tests 22.96 with a downside target of 22.70. We should have a stop loss in place at 23.01 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, 22.96, 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.

ICLN Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 0 0 20.70
P2 22.64 22.70 24.71
P3 22.96 23.35 29.33

ICLN Long Term Analysis for September 15 2021


ICLN Swing Trading Analysis for September 15 2021


ICLN Day Trading Analysis for September 15 2021

This Ishares Global Clean Energy Et (NASDAQ: ICLN) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

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

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