Trading (SETM) With Integrated Risk Controls
November 25, 2024, 16:52 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SETM
- Buy SETM near 17.58 target 19.38 stop loss @ 17.53 Details
The technical summary data tells us to buy SETM near 17.58 with an upside target of 19.38. This data also tells us to set a stop loss @ 17.53 to protect against excessive loss in case the stock begins to move against the trade. 17.58 is the first level of support below 18.03 , and by rule, any test of support is a buy signal. In this case, support 17.58 is being tested, a buy signal would exist.
- Short SETM slightly under 19.38, target 17.58, stop loss @ 19.44 Details
The technical summary data is suggesting a short of SETM as it gets near 19.38 with a downside target of 17.58. We should have a stop loss in place at 19.44though. 19.38 is the first level of resistance above 18.03, and by rule, any test of resistance is a short signal. In this case, if resistance 19.38 is being tested, a short signal would exist.
Swing Trading Plans for SETM
- Buy SETM slightly over 19.38, target n/a, Stop Loss @ 19.32 Details
If 19.38 begins to break higher, the technical summary data tells us to buy SETM just slightly over 19.38, with an upside target of n/a. The data also tells us to set a stop loss @ 19.32 in case the stock turns against the trade. 19.38 is the first level of resistance above 18.03, and by rule, any break above resistance is a buy signal. In this case, 19.38, 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 SETM slightly near 19.38, target 17.89, Stop Loss @ 19.44. Details
The technical summary data is suggesting a short of SETM if it tests 19.38 with a downside target of 17.89. We should have a stop loss in place at 19.44 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, 19.38, 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 SETM
- Buy SETM slightly over 19.38, target n/a, Stop Loss @ 19.33 Details
If 19.38 begins to break higher, the technical summary data tells us to buy SETM just slightly over 19.38, with an upside target of n/a. The data also tells us to set a stop loss @ 19.33 in case the stock turns against the trade. 19.38 is the first level of resistance above 18.03, and by rule, any break above resistance is a buy signal. In this case, 19.38, 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 SETM slightly near 19.38, target 17.92, Stop Loss @ 19.43. Details
The technical summary data is suggesting a short of SETM if it tests 19.38 with a downside target of 17.92. We should have a stop loss in place at 19.43 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, 19.38, 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 Sprott Energy Transition Materials Etf (SETM) available here: SETM.
SETM Ratings for November 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
15.83 |
| P2 |
17.7 |
17.28 |
17.58 |
| P3 |
17.92 |
17.89 |
19.38 |
AI Generated Signals for SETM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SETM:
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