How the (GDXD) price action is used to our Advantage
October 05, 2024, 06:50 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GDXD
- Buy GDXD near 9.46 target 17.5 stop loss @ 9.43 Details
The technical summary data tells us to buy GDXD near 9.46 with an upside target of 17.5. This data also tells us to set a stop loss @ 9.43 to protect against excessive loss in case the stock begins to move against the trade. 9.46 is the first level of support below 13.04 , and by rule, any test of support is a buy signal. In this case, support 9.46 is being tested, a buy signal would exist.
- Short GDXD slightly under 17.5, target 9.46, stop loss @ 17.55 Details
The technical summary data is suggesting a short of GDXD as it gets near 17.5 with a downside target of 9.46. We should have a stop loss in place at 17.55though. 17.5 is the first level of resistance above 13.04, and by rule, any test of resistance is a short signal. In this case, if resistance 17.5 is being tested, a short signal would exist.
Swing Trading Plans for GDXD
- Buy GDXD slightly over 17.5, target n/a, Stop Loss @ 17.45 Details
If 17.5 begins to break higher, the technical summary data tells us to buy GDXD just slightly over 17.5, with an upside target of n/a. The data also tells us to set a stop loss @ 17.45 in case the stock turns against the trade. 17.5 is the first level of resistance above 13.04, and by rule, any break above resistance is a buy signal. In this case, 17.5, 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 GDXD slightly near 17.5, target 13.04, Stop Loss @ 17.55. Details
The technical summary data is suggesting a short of GDXD if it tests 17.5 with a downside target of 13.04. We should have a stop loss in place at 17.55 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, 17.5, 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 GDXD
- Buy GDXD slightly over 13.33, target 17.5, Stop Loss @ 13.3 Details
If 13.33 begins to break higher, the technical summary data tells us to buy GDXD just slightly over 13.33, with an upside target of 17.5. The data also tells us to set a stop loss @ 13.3 in case the stock turns against the trade. 13.33 is the first level of resistance above 13.04, and by rule, any break above resistance is a buy signal. In this case, 13.33, 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 GDXD slightly near 13.33, target 13.04, Stop Loss @ 13.36. Details
The technical summary data is suggesting a short of GDXD if it tests 13.33 with a downside target of 13.04. We should have a stop loss in place at 13.36 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, 13.33, 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 Bank Of Montreal Zc Sp Etn Redeem 29/06/2040 Usd (GDXD) available here: GDXD.
GDXD Ratings for October 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
2.34 |
| P2 |
12.54 |
11.57 |
9.46 |
| P3 |
13.33 |
13.04 |
17.5 |
AI Generated Signals for GDXD
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 Bank Of Montreal Zc Sp Etn Redeem 29/06/2040 Usd (NASDAQ: GDXD) data table below can help you with price action, and we have more details too. Trading plans for GDXD 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 GDXD:
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