Trading (FFA) With Integrated Risk Controls
November 01, 2024, 11:20 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FFA
- Buy FFA near 19.7 target 20.31 stop loss @ 19.64 Details
The technical summary data tells us to buy FFA near 19.7 with an upside target of 20.31. This data also tells us to set a stop loss @ 19.64 to protect against excessive loss in case the stock begins to move against the trade. 19.7 is the first level of support below 20.13 , and by rule, any test of support is a buy signal. In this case, support 19.7 would be being tested, so a buy signal would exist.
- Short FFA slightly under 20.31, target 19.7, stop loss @ 20.37 Details
The technical summary data is suggesting a short of FFA as it gets near 20.31 with a downside target of 19.7. We should have a stop loss in place at 20.37though. 20.31 is the first level of resistance above 20.13, and by rule, any test of resistance is a short signal. In this case, if resistance 20.31 is being tested, so a short signal would exist.
Swing Trading Plans for FFA
- Buy FFA slightly over 20.31, target 20.92, Stop Loss @ 20.25 Details
If 20.31 begins to break higher, the technical summary data tells us to buy FFA just slightly over 20.31, with an upside target of 20.92. The data also tells us to set a stop loss @ 20.25 in case the stock turns against the trade. 20.31 is the first level of resistance above 20.13, and by rule, any break above resistance is a buy signal. In this case, 20.31, 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 FFA slightly near 20.31, target 20.07, Stop Loss @ 20.37. Details
The technical summary data is suggesting a short of FFA if it tests 20.31 with a downside target of 20.07. We should have a stop loss in place at 20.37 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, 20.31, 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 FFA
- Buy FFA slightly over 20.31, target 20.92, Stop Loss @ 20.26 Details
If 20.31 begins to break higher, the technical summary data tells us to buy FFA just slightly over 20.31, with an upside target of 20.92. The data also tells us to set a stop loss @ 20.26 in case the stock turns against the trade. 20.31 is the first level of resistance above 20.13, and by rule, any break above resistance is a buy signal. In this case, 20.31, 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 FFA slightly near 20.31, target 19.7, Stop Loss @ 20.36. Details
The technical summary data is suggesting a short of FFA if it tests 20.31 with a downside target of 19.7. We should have a stop loss in place at 20.36 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, 20.31, 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 First Trust Enhanced Equity Income Fund (FFA) available here: FFA.
FFA Ratings for November 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
19.7 |
| P2 |
20.14 |
20.07 |
20.31 |
| P3 |
0 |
20.31 |
20.92 |
AI Generated Signals for FFA
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FFA:
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