Trading (SH) With Integrated Risk Controls
September 27, 2024, 23:04 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SH
- Buy SH near 10.78 target 11.29 stop loss @ 10.75 Details
The technical summary data tells us to buy SH near 10.78 with an upside target of 11.29. This data also tells us to set a stop loss @ 10.75 to protect against excessive loss in case the stock begins to move against the trade. 10.78 is the first level of support below 10.89 , and by rule, any test of support is a buy signal. In this case, support 10.78 is being tested, a buy signal would exist.
- Short SH slightly under 11.29, target 10.78, stop loss @ 11.32 Details
The technical summary data is suggesting a short of SH as it gets near 11.29 with a downside target of 10.78. We should have a stop loss in place at 11.32though. 11.29 is the first level of resistance above 10.89, and by rule, any test of resistance is a short signal. In this case, if resistance 11.29 is being tested, a short signal would exist.
Swing Trading Plans for SH
- Buy SH slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy SH just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 10.89, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 SH slightly near n/a, target 10.88, Stop Loss @ 0. Details
The technical summary data is suggesting a short of SH if it tests n/a with a downside target of 10.88. We should have a stop loss in place at 0 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, n/a, 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 SH
- Buy SH slightly over 11.29, target n/a, Stop Loss @ 11.26 Details
If 11.29 begins to break higher, the technical summary data tells us to buy SH just slightly over 11.29, with an upside target of n/a. The data also tells us to set a stop loss @ 11.26 in case the stock turns against the trade. 11.29 is the first level of resistance above 10.89, and by rule, any break above resistance is a buy signal. In this case, 11.29, 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 SH slightly near 11.29, target 10.89, Stop Loss @ 11.32. Details
The technical summary data is suggesting a short of SH if it tests 11.29 with a downside target of 10.89. We should have a stop loss in place at 11.32 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, 11.29, 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 Proshares Short S&p500 -1x Shares (SH) available here: SH.
SH Ratings for September 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
10.35 |
| P2 |
10.89 |
10.88 |
10.78 |
| P3 |
0 |
|
11.29 |
AI Generated Signals for SH
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SH:
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