Learn to Evaluate Spdr Dow Jones Global Real Est (RWO) using the Charts

July 09, 2022, 12:45 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Spdr Dow Jones Global Real Est (NYSE: RWO) report below can help you understand how to do this. The trading plans for RWO, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for RWO

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short RWO under 48.23, target n/a, stop loss @ 48.37 Details

The technical summary data is suggesting a short of RWO as it gets near 48.23, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 48.37. 48.23 is the first level of resistance above 44.34, and by rule, any test of resistance is a short signal. In this case, if resistance 48.23 is being tested, so a short signal would exist.

Swing Trading Plans for RWO

• Buy RWO slightly over 45.29, target 48.23, Stop Loss @ 45.16 Details

If 45.29 begins to break higher, the technical summary data tells us to buy RWO just slightly over 45.29, with an upside target of 48.23. The data also tells us to set a stop loss @ 45.16 in case the stock turns against the trade. 45.29 is the first level of resistance above 44.34, and by rule, any break above resistance is a buy signal. In this case, 45.29, 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 RWO near 45.29, target 44.04, Stop Loss @ 45.42. Details

The technical summary data is suggesting a short of RWO if it tests 45.29 with a downside target of 44.04. We should have a stop loss in place at 45.42 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, 45.29, 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 RWO

• Buy RWO slightly over 44.61, target 45.29, Stop Loss @ 44.51 Details

If 44.61 begins to break higher, the technical summary data tells us to buy RWO just slightly over 44.61, with an upside target of 45.29. The data also tells us to set a stop loss @ 44.51 in case the stock turns against the trade. 44.61 is the first level of resistance above 44.34, and by rule, any break above resistance is a buy signal. In this case, 44.61, 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 RWO near 44.61, target 44.04, Stop Loss @ 44.71. Details

The technical summary data is suggesting a short of RWO if it tests 44.61 with a downside target of 44.04. We should have a stop loss in place at 44.71 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, 44.61, 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.

RWO Ratings for July 09:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	48.23
P2	43.73	44.04	51.18
P3	44.61	45.29	54.01

Support and Resistance Plot Chart for RWO

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