When the Price of (ML) Talks, People Listen
June 13, 2024, 06:42 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ML
- Buy ML slightly over 85.04 target 100.37 stop loss @ 84.79 Details
The technical summary data tells us to buy ML near 85.04 with an upside target of 100.37. This data also tells us to set a stop loss @ 84.79 to protect against excessive loss in case the stock begins to move against the trade. 85.04 is the first level of support below 92 , and by rule, any test of support is a buy signal. In this case, support 85.04 is being tested, a buy signal would exist.
- Short ML slightly under 100.37, target 85.04, stop loss @ 100.66 Details
The technical summary data is suggesting a short of ML as it gets near 100.37 with a downside target of 85.04. We should have a stop loss in place at 100.66though. 100.37 is the first level of resistance above 92, and by rule, any test of resistance is a short signal. In this case, if resistance 100.37 is being tested, a short signal would exist.
Swing Trading Plans for ML
- Buy ML slightly over 100.37, target n/a, Stop Loss @ 100.08 Details
If 100.37 begins to break higher, the technical summary data tells us to buy ML just slightly over 100.37, with an upside target of n/a. The data also tells us to set a stop loss @ 100.08 in case the stock turns against the trade. 100.37 is the first level of resistance above 92, and by rule, any break above resistance is a buy signal. In this case, 100.37, 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 ML slightly near 100.37, target 87.47, Stop Loss @ 100.66. Details
The technical summary data is suggesting a short of ML if it tests 100.37 with a downside target of 87.47. We should have a stop loss in place at 100.66 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, 100.37, 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 ML
- Buy ML slightly over 100.37, target n/a, Stop Loss @ 100.14 Details
If 100.37 begins to break higher, the technical summary data tells us to buy ML just slightly over 100.37, with an upside target of n/a. The data also tells us to set a stop loss @ 100.14 in case the stock turns against the trade. 100.37 is the first level of resistance above 92, and by rule, any break above resistance is a buy signal. In this case, 100.37, 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 ML slightly near 100.37, target 89.45, Stop Loss @ 100.6. Details
The technical summary data is suggesting a short of ML if it tests 100.37 with a downside target of 89.45. We should have a stop loss in place at 100.6 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, 100.37, 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 Moneylion Inc. Class A (ML) available here: ML.
ML Ratings for June 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
70.83 |
| P2 |
82.56 |
80.22 |
85.04 |
| P3 |
89.45 |
87.47 |
100.37 |
AI Generated Signals for ML
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Moneylion Inc. Class A (NYSE: ML) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for ML can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ML:
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