When (EDOC) Moves Investors should Listen
July 31, 2024, 04:34 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EDOC
- Buy EDOC slightly over 9 target 9.71 stop loss @ 8.97 Details
The technical summary data tells us to buy EDOC near 9 with an upside target of 9.71. This data also tells us to set a stop loss @ 8.97 to protect against excessive loss in case the stock begins to move against the trade. 9 is the first level of support below 9.1 , and by rule, any test of support is a buy signal. In this case, support 9 is being tested, a buy signal would exist.
- Short EDOC slightly under 9.71, target 9, stop loss @ 9.74 Details
The technical summary data is suggesting a short of EDOC as it gets near 9.71 with a downside target of 9. We should have a stop loss in place at 9.74though. 9.71 is the first level of resistance above 9.1, and by rule, any test of resistance is a short signal. In this case, if resistance 9.71 is being tested, a short signal would exist.
Swing Trading Plans for EDOC
- Buy EDOC slightly over 9.23, target 9.71, Stop Loss @ 9.2 Details
If 9.23 begins to break higher, the technical summary data tells us to buy EDOC just slightly over 9.23, with an upside target of 9.71. The data also tells us to set a stop loss @ 9.2 in case the stock turns against the trade. 9.23 is the first level of resistance above 9.1, and by rule, any break above resistance is a buy signal. In this case, 9.23, 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 EDOC slightly near 9.23, target 9, Stop Loss @ 9.26. Details
The technical summary data is suggesting a short of EDOC if it tests 9.23 with a downside target of 9. We should have a stop loss in place at 9.26 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, 9.23, 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 EDOC
- Buy EDOC slightly over 9.23, target 9.71, Stop Loss @ 9.21 Details
If 9.23 begins to break higher, the technical summary data tells us to buy EDOC just slightly over 9.23, with an upside target of 9.71. The data also tells us to set a stop loss @ 9.21 in case the stock turns against the trade. 9.23 is the first level of resistance above 9.1, and by rule, any break above resistance is a buy signal. In this case, 9.23, 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 EDOC slightly near 9.23, target 8.29, Stop Loss @ 9.25. Details
The technical summary data is suggesting a short of EDOC if it tests 9.23 with a downside target of 8.29. We should have a stop loss in place at 9.25 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, 9.23, 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 Global X Telemedicine & Digital Health Etf (EDOC) available here: EDOC.
EDOC Ratings for July 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
8.29 |
| P2 |
9.13 |
8.97 |
9 |
| P3 |
0 |
9.23 |
9.71 |
AI Generated Signals for EDOC
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 Global X Telemedicine & Digital Health Etf (NASDAQ: EDOC) report below is a real world example. Included are trading plans for EDOC, 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 EDOC:
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