When (GGLS) Moves Investors should Listen
July 21, 2024, 23:24 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GGLS
- Buy GGLS slightly over 12.45 target 13.49 stop loss @ 12.41 Details
The technical summary data tells us to buy GGLS near 12.45 with an upside target of 13.49. This data also tells us to set a stop loss @ 12.41 to protect against excessive loss in case the stock begins to move against the trade. 12.45 is the first level of support below 13.28 , and by rule, any test of support is a buy signal. In this case, support 12.45 would be being tested, so a buy signal would exist.
- Short GGLS slightly under 13.49, target 12.45, stop loss @ 13.53 Details
The technical summary data is suggesting a short of GGLS as it gets near 13.49 with a downside target of 12.45. We should have a stop loss in place at 13.53though. 13.49 is the first level of resistance above 13.28, and by rule, any test of resistance is a short signal. In this case, if resistance 13.49 is being tested, so a short signal would exist.
Swing Trading Plans for GGLS
- Buy GGLS slightly over 13.49, target 14.62, Stop Loss @ 13.45 Details
If 13.49 begins to break higher, the technical summary data tells us to buy GGLS just slightly over 13.49, with an upside target of 14.62. The data also tells us to set a stop loss @ 13.45 in case the stock turns against the trade. 13.49 is the first level of resistance above 13.28, and by rule, any break above resistance is a buy signal. In this case, 13.49, 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 GGLS slightly near 13.49, target 12.92, Stop Loss @ 13.53. Details
The technical summary data is suggesting a short of GGLS if it tests 13.49 with a downside target of 12.92. We should have a stop loss in place at 13.53 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, 13.49, 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 GGLS
- Buy GGLS slightly over 13.49, target 14.62, Stop Loss @ 13.46 Details
If 13.49 begins to break higher, the technical summary data tells us to buy GGLS just slightly over 13.49, with an upside target of 14.62. The data also tells us to set a stop loss @ 13.46 in case the stock turns against the trade. 13.49 is the first level of resistance above 13.28, and by rule, any break above resistance is a buy signal. In this case, 13.49, 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 GGLS slightly near 13.49, target 12.92, Stop Loss @ 13.52. Details
The technical summary data is suggesting a short of GGLS if it tests 13.49 with a downside target of 12.92. We should have a stop loss in place at 13.52 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, 13.49, 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 Direxion Sh Etf Tr (GGLS) available here: GGLS.
GGLS Ratings for July 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
12.45 |
| P2 |
13.48 |
12.92 |
13.49 |
| P3 |
0 |
13.32 |
14.62 |
AI Generated Signals for GGLS
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 Direxion Sh Etf Tr (NASDAQ: GGLS) report below is a real world example. Included are trading plans for GGLS, 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 GGLS:
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