How the (GIGB) price action is used to our Advantage
August 24, 2024, 10:54 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GIGB
- Buy GIGB slightly over 46.05 target 47.1 stop loss @ 45.92 Details
The technical summary data tells us to buy GIGB near 46.05 with an upside target of 47.1. This data also tells us to set a stop loss @ 45.92 to protect against excessive loss in case the stock begins to move against the trade. 46.05 is the first level of support below 46.98 , and by rule, any test of support is a buy signal. In this case, support 46.05 is being tested, a buy signal would exist.
- Short GIGB slightly under 47.1, target 46.05, stop loss @ 47.24 Details
The technical summary data is suggesting a short of GIGB as it gets near 47.1 with a downside target of 46.05. We should have a stop loss in place at 47.24though. 47.1 is the first level of resistance above 46.98, and by rule, any test of resistance is a short signal. In this case, if resistance 47.1 is being tested, a short signal would exist.
Swing Trading Plans for GIGB
- Buy GIGB slightly over 47.1, target n/a, Stop Loss @ 46.96 Details
If 47.1 begins to break higher, the technical summary data tells us to buy GIGB just slightly over 47.1, with an upside target of n/a. The data also tells us to set a stop loss @ 46.96 in case the stock turns against the trade. 47.1 is the first level of resistance above 46.98, and by rule, any break above resistance is a buy signal. In this case, 47.1, 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 GIGB slightly near 47.1, target 46.81, Stop Loss @ 47.24. Details
The technical summary data is suggesting a short of GIGB if it tests 47.1 with a downside target of 46.81. We should have a stop loss in place at 47.24 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, 47.1, 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 GIGB
- Buy GIGB slightly over 47.1, target n/a, Stop Loss @ 46.99 Details
If 47.1 begins to break higher, the technical summary data tells us to buy GIGB just slightly over 47.1, with an upside target of n/a. The data also tells us to set a stop loss @ 46.99 in case the stock turns against the trade. 47.1 is the first level of resistance above 46.98, and by rule, any break above resistance is a buy signal. In this case, 47.1, 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 GIGB slightly near 47.1, target 46.05, Stop Loss @ 47.21. Details
The technical summary data is suggesting a short of GIGB if it tests 47.1 with a downside target of 46.05. We should have a stop loss in place at 47.21 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, 47.1, 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 Goldman Sachs Access Investment Grade Corporate Bond Etf (GIGB) available here: GIGB.
GIGB Ratings for August 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
44.96 |
| P2 |
46.95 |
46.81 |
46.05 |
| P3 |
0 |
47.06 |
47.1 |
AI Generated Signals for GIGB
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Goldman Sachs Access Investment Grade Corporate Bond Etf (NASDAQ: GIGB) data table below can help you with price action, and we have more details too. Trading plans for GIGB are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GIGB:
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