Trading (EFNL) With Integrated Risk Controls
February 03, 2024, 17:10 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EFNL
- Buy EFNL slightly over 33.29 target 35.05 stop loss @ 33.19 Details
The technical summary data tells us to buy EFNL near 33.29 with an upside target of 35.05. This data also tells us to set a stop loss @ 33.19 to protect against excessive loss in case the stock begins to move against the trade. 33.29 is the first level of support below 34.8265 , and by rule, any test of support is a buy signal. In this case, support 33.29 is being tested, a buy signal would exist.
- Short EFNL slightly under 35.05, target 33.29, stop loss @ 35.15 Details
The technical summary data is suggesting a short of EFNL as it gets near 35.05 with a downside target of 33.29. We should have a stop loss in place at 35.15though. 35.05 is the first level of resistance above 34.8265, and by rule, any test of resistance is a short signal. In this case, if resistance 35.05 is being tested, a short signal would exist.
Swing Trading Plans for EFNL
- Buy EFNL slightly over 35.24, target 35.8, Stop Loss @ 35.14 Details
If 35.24 begins to break higher, the technical summary data tells us to buy EFNL just slightly over 35.24, with an upside target of 35.8. The data also tells us to set a stop loss @ 35.14 in case the stock turns against the trade. 35.24 is the first level of resistance above 34.8265, and by rule, any break above resistance is a buy signal. In this case, 35.24, 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 EFNL slightly near 35.24, target 33.29, Stop Loss @ 35.34. Details
The technical summary data is suggesting a short of EFNL if it tests 35.24 with a downside target of 33.29. We should have a stop loss in place at 35.34 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, 35.24, 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 EFNL
- Buy EFNL slightly over 35.24, target 35.8, Stop Loss @ 35.16 Details
If 35.24 begins to break higher, the technical summary data tells us to buy EFNL just slightly over 35.24, with an upside target of 35.8. The data also tells us to set a stop loss @ 35.16 in case the stock turns against the trade. 35.24 is the first level of resistance above 34.8265, and by rule, any break above resistance is a buy signal. In this case, 35.24, 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 EFNL slightly near 35.24, target 33.29, Stop Loss @ 35.32. Details
The technical summary data is suggesting a short of EFNL if it tests 35.24 with a downside target of 33.29. We should have a stop loss in place at 35.32 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, 35.24, 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 Ishares Msci Finland Etf (EFNL) available here: EFNL.
EFNL Ratings for February 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
31.4 |
| P2 |
35.19 |
35.24 |
33.29 |
| P3 |
0 |
35.8 |
35.05 |
AI Generated Signals for EFNL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for EFNL:
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