How the (LGH) price action is used to our Advantage
October 23, 2024, 00:26 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LGH
- Buy LGH near 49.69 target 51.95 stop loss @ 49.55 Details
The technical summary data tells us to buy LGH near 49.69 with an upside target of 51.95. This data also tells us to set a stop loss @ 49.55 to protect against excessive loss in case the stock begins to move against the trade. 49.69 is the first level of support below 51.87 , and by rule, any test of support is a buy signal. In this case, support 49.69 would be being tested, so a buy signal would exist.
- Short LGH slightly under 51.95, target 49.69, stop loss @ 52.1 Details
The technical summary data is suggesting a short of LGH as it gets near 51.95 with a downside target of 49.69. We should have a stop loss in place at 52.1though. 51.95 is the first level of resistance above 51.87, and by rule, any test of resistance is a short signal. In this case, if resistance 51.95 is being tested, so a short signal would exist.
Swing Trading Plans for LGH
- Buy LGH slightly over 51.95, target 52.51, Stop Loss @ 51.8 Details
If 51.95 begins to break higher, the technical summary data tells us to buy LGH just slightly over 51.95, with an upside target of 52.51. The data also tells us to set a stop loss @ 51.8 in case the stock turns against the trade. 51.95 is the first level of resistance above 51.87, and by rule, any break above resistance is a buy signal. In this case, 51.95, 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 LGH slightly near 51.95, target 49.69, Stop Loss @ 52.1. Details
The technical summary data is suggesting a short of LGH if it tests 51.95 with a downside target of 49.69. We should have a stop loss in place at 52.1 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, 51.95, 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 LGH
- Buy LGH slightly over 52.09, target 52.51, Stop Loss @ 51.97 Details
If 52.09 begins to break higher, the technical summary data tells us to buy LGH just slightly over 52.09, with an upside target of 52.51. The data also tells us to set a stop loss @ 51.97 in case the stock turns against the trade. 52.09 is the first level of resistance above 51.87, and by rule, any break above resistance is a buy signal. In this case, 52.09, 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 LGH slightly near 52.09, target 49.69, Stop Loss @ 52.21. Details
The technical summary data is suggesting a short of LGH if it tests 52.09 with a downside target of 49.69. We should have a stop loss in place at 52.21 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, 52.09, 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 Hcm Defender 500 Index Etf (LGH) available here: LGH.
LGH Ratings for October 23:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Strong |
Strong |
P1 |
0 |
0 |
49.69 |
P2 |
51.73 |
51.88 |
51.95 |
P3 |
52.09 |
52.51 |
54.15 |
AI Generated Signals for LGH
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 Hcm Defender 500 Index Etf (NYSE: LGH) data table below can help you with price action, and we have more details too. Trading plans for LGH 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 LGH: