Trading (FGM) With Integrated Risk Controls
November 30, 2024, 00:38 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FGM
- Buy FGM near 38.46 target 39.91 stop loss @ 38.35 Details
The technical summary data tells us to buy FGM near 38.46 with an upside target of 39.91. This data also tells us to set a stop loss @ 38.35 to protect against excessive loss in case the stock begins to move against the trade. 38.46 is the first level of support below 38.6238 , and by rule, any test of support is a buy signal. In this case, support 38.46 is being tested, a buy signal would exist.
- Short FGM slightly under 39.91, target 38.46, stop loss @ 40.03 Details
The technical summary data is suggesting a short of FGM as it gets near 39.91 with a downside target of 38.46. We should have a stop loss in place at 40.03though. 39.91 is the first level of resistance above 38.6238, and by rule, any test of resistance is a short signal. In this case, if resistance 39.91 is being tested, a short signal would exist.
Swing Trading Plans for FGM
- Buy FGM slightly over 39.91, target n/a, Stop Loss @ 39.79 Details
If 39.91 begins to break higher, the technical summary data tells us to buy FGM just slightly over 39.91, with an upside target of n/a. The data also tells us to set a stop loss @ 39.79 in case the stock turns against the trade. 39.91 is the first level of resistance above 38.6238, and by rule, any break above resistance is a buy signal. In this case, 39.91, 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 FGM slightly near 39.91, target 38.46, Stop Loss @ 40.03. Details
The technical summary data is suggesting a short of FGM if it tests 39.91 with a downside target of 38.46. We should have a stop loss in place at 40.03 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, 39.91, 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 FGM
- Buy FGM slightly over 39.91, target n/a, Stop Loss @ 39.82 Details
If 39.91 begins to break higher, the technical summary data tells us to buy FGM just slightly over 39.91, with an upside target of n/a. The data also tells us to set a stop loss @ 39.82 in case the stock turns against the trade. 39.91 is the first level of resistance above 38.6238, and by rule, any break above resistance is a buy signal. In this case, 39.91, 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 FGM slightly near 39.91, target 38.46, Stop Loss @ 40. Details
The technical summary data is suggesting a short of FGM if it tests 39.91 with a downside target of 38.46. We should have a stop loss in place at 40 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, 39.91, 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 Tr Exch Alph (FGM) available here: FGM.
FGM Ratings for November 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
36.91 |
| P2 |
37.97 |
37.91 |
38.46 |
| P3 |
0 |
38.13 |
39.91 |
AI Generated Signals for FGM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FGM:
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