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Trading (SGOL) With Integrated Risk Controls

Longer Term Trading Plans for SGOL
  • Buy SGOL slightly over 19.22 target 19.93 stop loss @ 19.16 Details
  • The technical summary data tells us to buy SGOL near 19.22 with an upside target of 19.93. This data also tells us to set a stop loss @ 19.16 to protect against excessive loss in case the stock begins to move against the trade. 19.22 is the first level of support below 19.3094 , and by rule, any test of support is a buy signal. In this case, support 19.22 is being tested, a buy signal would exist.

  • Short SGOL slightly under 19.93, target 19.22, stop loss @ 19.99 Details
  • The technical summary data is suggesting a short of SGOL as it gets near 19.93 with a downside target of 19.22. We should have a stop loss in place at 19.99though. 19.93 is the first level of resistance above 19.3094, and by rule, any test of resistance is a short signal. In this case, if resistance 19.93 is being tested, a short signal would exist.

Swing Trading Plans for SGOL
  • Buy SGOL slightly over 19.34, target 19.59, Stop Loss @ 19.28 Details
  • If 19.34 begins to break higher, the technical summary data tells us to buy SGOL just slightly over 19.34, with an upside target of 19.59. The data also tells us to set a stop loss @ 19.28 in case the stock turns against the trade. 19.34 is the first level of resistance above 19.3094, and by rule, any break above resistance is a buy signal. In this case, 19.34, 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 SGOL slightly near 19.34, target 18.52, Stop Loss @ 19.4. Details
  • The technical summary data is suggesting a short of SGOL if it tests 19.34 with a downside target of 18.52. We should have a stop loss in place at 19.4 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, 19.34, 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 SGOL
  • Buy SGOL slightly over 19.59, target 19.93, Stop Loss @ 19.54 Details
  • If 19.59 begins to break higher, the technical summary data tells us to buy SGOL just slightly over 19.59, with an upside target of 19.93. The data also tells us to set a stop loss @ 19.54 in case the stock turns against the trade. 19.59 is the first level of resistance above 19.3094, and by rule, any break above resistance is a buy signal. In this case, 19.59, 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 SGOL slightly near 19.59, target 18.52, Stop Loss @ 19.64. Details
  • The technical summary data is suggesting a short of SGOL if it tests 19.59 with a downside target of 18.52. We should have a stop loss in place at 19.64 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, 19.59, 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.

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SGOL Ratings for February 12:

Term →Near Mid Long
Rating Neutral Neutral Neutral
P1 0 0 18.52
P2 19.47 19.34 19.22
P3 0 19.59 19.93
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Support and Resistance Plot Chart for SGOL

SGOL Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Abrdn Physical Gold Shares Etf (NASDAQ: SGOL) report below can help you, but we have more details too. The trading plans for SGOL, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.