Learn to Evaluate (MILN) using the Charts

July 23, 2024, 04:58 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MILN

• Buy MILN slightly over 37.78 target 39.8 stop loss @ 37.67 Details

The technical summary data tells us to buy MILN near 37.78 with an upside target of 39.8. This data also tells us to set a stop loss @ 37.67 to protect against excessive loss in case the stock begins to move against the trade. 37.78 is the first level of support below 38.48 , and by rule, any test of support is a buy signal. In this case, support 37.78 would be being tested, so a buy signal would exist.

• Short MILN slightly under 39.8, target 37.78, stop loss @ 39.91 Details

The technical summary data is suggesting a short of MILN as it gets near 39.8 with a downside target of 37.78. We should have a stop loss in place at 39.91though. 39.8 is the first level of resistance above 38.48, and by rule, any test of resistance is a short signal. In this case, if resistance 39.8 is being tested, so a short signal would exist.

Swing Trading Plans for MILN

• Buy MILN slightly over 39.07, target 39.8, Stop Loss @ 38.96 Details

If 39.07 begins to break higher, the technical summary data tells us to buy MILN just slightly over 39.07, with an upside target of 39.8. The data also tells us to set a stop loss @ 38.96 in case the stock turns against the trade. 39.07 is the first level of resistance above 38.48, and by rule, any break above resistance is a buy signal. In this case, 39.07, 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 MILN slightly near 39.07, target 38.38, Stop Loss @ 39.18. Details

The technical summary data is suggesting a short of MILN if it tests 39.07 with a downside target of 38.38. We should have a stop loss in place at 39.18 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, 39.07, 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 MILN

• Buy MILN slightly over 39.07, target 39.8, Stop Loss @ 38.98 Details

If 39.07 begins to break higher, the technical summary data tells us to buy MILN just slightly over 39.07, with an upside target of 39.8. The data also tells us to set a stop loss @ 38.98 in case the stock turns against the trade. 39.07 is the first level of resistance above 38.48, and by rule, any break above resistance is a buy signal. In this case, 39.07, 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 MILN slightly near 39.07, target 38.38, Stop Loss @ 39.16. Details

The technical summary data is suggesting a short of MILN if it tests 39.07 with a downside target of 38.38. We should have a stop loss in place at 39.16 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, 39.07, 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  Global X Fds (MILN) available here: MILN.

MILN Ratings for July 23:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	37.78
P2	37.94	38.38	39.8
P3	38.36	39.07	41.78

AI Generated Signals for MILN

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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  Global X Fds (NASDAQ: MILN) report below can help you understand how to do this. The trading plans for MILN, 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.