Trading (WGMI) With Integrated Risk Controls

November 26, 2024, 16:48 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WGMI

• Buy WGMI near 22.53 target 27.25 stop loss @ 22.46 Details

The technical summary data tells us to buy WGMI near 22.53 with an upside target of 27.25. This data also tells us to set a stop loss @ 22.46 to protect against excessive loss in case the stock begins to move against the trade. 22.53 is the first level of support below 25.11 , and by rule, any test of support is a buy signal. In this case, support 22.53 is being tested, a buy signal would exist.

• Short WGMI slightly under 27.25, target 22.53, stop loss @ 27.33 Details

The technical summary data is suggesting a short of WGMI as it gets near 27.25 with a downside target of 22.53. We should have a stop loss in place at 27.33though. 27.25 is the first level of resistance above 25.11, and by rule, any test of resistance is a short signal. In this case, if resistance 27.25 is being tested, a short signal would exist.

Swing Trading Plans for WGMI

• Buy WGMI slightly over 27.25, target 27.78, Stop Loss @ 27.17 Details

If 27.25 begins to break higher, the technical summary data tells us to buy WGMI just slightly over 27.25, with an upside target of 27.78. The data also tells us to set a stop loss @ 27.17 in case the stock turns against the trade. 27.25 is the first level of resistance above 25.11, and by rule, any break above resistance is a buy signal. In this case, 27.25, 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 WGMI slightly near 27.25, target 24.66, Stop Loss @ 27.33. Details

The technical summary data is suggesting a short of WGMI if it tests 27.25 with a downside target of 24.66. We should have a stop loss in place at 27.33 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, 27.25, 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 WGMI

• Buy WGMI slightly over 26.65, target 27.25, Stop Loss @ 26.59 Details

If 26.65 begins to break higher, the technical summary data tells us to buy WGMI just slightly over 26.65, with an upside target of 27.25. The data also tells us to set a stop loss @ 26.59 in case the stock turns against the trade. 26.65 is the first level of resistance above 25.11, and by rule, any break above resistance is a buy signal. In this case, 26.65, 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 WGMI slightly near 26.65, target 24.66, Stop Loss @ 26.71. Details

The technical summary data is suggesting a short of WGMI if it tests 26.65 with a downside target of 24.66. We should have a stop loss in place at 26.71 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, 26.65, 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 Valkyrie Bitcoin Miners Etf (WGMI) available here: WGMI.

WGMI Ratings for November 26:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	18.52
P2	26.65	24.66	22.53
P3	27.92	27.78	27.25

AI Generated Signals for WGMI

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