Trading (EWY) With Integrated Risk Controls
February 09, 2024, 05:36 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EWY
- Buy EWY slightly over 61.94 target 65.43 stop loss @ 61.76 Details
The technical summary data tells us to buy EWY near 61.94 with an upside target of 65.43. This data also tells us to set a stop loss @ 61.76 to protect against excessive loss in case the stock begins to move against the trade. 61.94 is the first level of support below 63.28 , and by rule, any test of support is a buy signal. In this case, support 61.94 is being tested, a buy signal would exist.
- Short EWY slightly under 65.43, target 61.94, stop loss @ 65.62 Details
The technical summary data is suggesting a short of EWY as it gets near 65.43 with a downside target of 61.94. We should have a stop loss in place at 65.62though. 65.43 is the first level of resistance above 63.28, and by rule, any test of resistance is a short signal. In this case, if resistance 65.43 is being tested, a short signal would exist.
Swing Trading Plans for EWY
- Buy EWY slightly over 64.02, target 65.43, Stop Loss @ 63.84 Details
If 64.02 begins to break higher, the technical summary data tells us to buy EWY just slightly over 64.02, with an upside target of 65.43. The data also tells us to set a stop loss @ 63.84 in case the stock turns against the trade. 64.02 is the first level of resistance above 63.28, and by rule, any break above resistance is a buy signal. In this case, 64.02, 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 EWY slightly near 64.02, target 62.89, Stop Loss @ 64.2. Details
The technical summary data is suggesting a short of EWY if it tests 64.02 with a downside target of 62.89. We should have a stop loss in place at 64.2 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, 64.02, 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 EWY
- Buy EWY slightly over 63.65, target 64.02, Stop Loss @ 63.5 Details
If 63.65 begins to break higher, the technical summary data tells us to buy EWY just slightly over 63.65, with an upside target of 64.02. The data also tells us to set a stop loss @ 63.5 in case the stock turns against the trade. 63.65 is the first level of resistance above 63.28, and by rule, any break above resistance is a buy signal. In this case, 63.65, 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 EWY slightly near 63.65, target 62.9, Stop Loss @ 63.8. Details
The technical summary data is suggesting a short of EWY if it tests 63.65 with a downside target of 62.9. We should have a stop loss in place at 63.8 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, 63.65, 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 Ishares Msci South Korea Etf (EWY) available here: EWY.
EWY Ratings for February 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
58.24 |
| P2 |
62.9 |
62.89 |
61.94 |
| P3 |
63.65 |
64.02 |
65.43 |
AI Generated Signals for EWY
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for EWY:
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