Trading Spdr S&p Emerging Asia Pacific $GMF With Integrated Risk Controls
October 16, 2023, 16:15 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GMF
- Buy GMF slightly over 95.72 target 100.35 stop loss @ 95.44 Details
The technical summary data tells us to buy GMF near 95.72 with an upside target of 100.35. This data also tells us to set a stop loss @ 95.44 to protect against excessive loss in case the stock begins to move against the trade. 95.72 is the first level of support below 98.0795 , and by rule, any test of support is a buy signal. In this case, support 95.72 would be being tested, so a buy signal would exist.
- Short GMF slightly under 100.35, target 95.72, stop loss @ 100.64 Details
The technical summary data is suggesting a short of GMF as it gets near 100.35 with a downside target of 95.72. We should have a stop loss in place at 100.64though. 100.35 is the first level of resistance above 98.0795, and by rule, any test of resistance is a short signal. In this case, if resistance 100.35 is being tested, so a short signal would exist.
Swing Trading Plans for GMF
- Buy GMF slightly over 100.35, target 104.75, Stop Loss @ 100.06 Details
If 100.35 begins to break higher, the technical summary data tells us to buy GMF just slightly over 100.35, with an upside target of 104.75. The data also tells us to set a stop loss @ 100.06 in case the stock turns against the trade. 100.35 is the first level of resistance above 98.0795, and by rule, any break above resistance is a buy signal. In this case, 100.35, 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 GMF slightly near 100.35, target 97.62, Stop Loss @ 100.64. Details
The technical summary data is suggesting a short of GMF if it tests 100.35 with a downside target of 97.62. We should have a stop loss in place at 100.64 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, 100.35, 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 GMF
- Buy GMF slightly over 98.65, target 100.35, Stop Loss @ 98.42 Details
If 98.65 begins to break higher, the technical summary data tells us to buy GMF just slightly over 98.65, with an upside target of 100.35. The data also tells us to set a stop loss @ 98.42 in case the stock turns against the trade. 98.65 is the first level of resistance above 98.0795, and by rule, any break above resistance is a buy signal. In this case, 98.65, 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 GMF slightly near 98.65, target 97.62, Stop Loss @ 98.88. Details
The technical summary data is suggesting a short of GMF if it tests 98.65 with a downside target of 97.62. We should have a stop loss in place at 98.88 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, 98.65, 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 Spdr S&p Emerging Asia Pacific (GMF) available here: GMF.
GMF Ratings for October 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
95.72 |
| P2 |
96.26 |
95.71 |
100.35 |
| P3 |
98.65 |
97.62 |
104.75 |
AI Generated Signals for GMF
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for GMF:
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