Trading (ML) With Integrated Risk Controls
September 20, 2024, 22:20 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ML
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short ML slightly under 53.53, target n/a, stop loss @ 53.68 Details
The technical summary data is suggesting a short of ML as it gets near 53.53, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 53.68. 53.53 is the first level of resistance above 43.48, and by rule, any test of resistance is a short signal. In this case, if resistance 53.53 is being tested, so a short signal would exist.
Swing Trading Plans for ML
- Buy ML slightly over 44.42, target 53.53, Stop Loss @ 44.29 Details
If 44.42 begins to break higher, the technical summary data tells us to buy ML just slightly over 44.42, with an upside target of 53.53. The data also tells us to set a stop loss @ 44.29 in case the stock turns against the trade. 44.42 is the first level of resistance above 43.48, and by rule, any break above resistance is a buy signal. In this case, 44.42, 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 ML slightly near 44.42, target 40.74, Stop Loss @ 44.55. Details
The technical summary data is suggesting a short of ML if it tests 44.42 with a downside target of 40.74. We should have a stop loss in place at 44.55 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, 44.42, 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 ML
- Buy ML slightly over 43.67, target 44.42, Stop Loss @ 43.57 Details
If 43.67 begins to break higher, the technical summary data tells us to buy ML just slightly over 43.67, with an upside target of 44.42. The data also tells us to set a stop loss @ 43.57 in case the stock turns against the trade. 43.67 is the first level of resistance above 43.48, and by rule, any break above resistance is a buy signal. In this case, 43.67, 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 ML slightly near 43.67, target 41.85, Stop Loss @ 43.77. Details
The technical summary data is suggesting a short of ML if it tests 43.67 with a downside target of 41.85. We should have a stop loss in place at 43.77 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, 43.67, 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 Moneylion Inc. Class A (ML) available here: ML.
ML Ratings for September 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
53.53 |
| P2 |
41.85 |
40.74 |
74.93 |
| P3 |
43.67 |
44.42 |
99.46 |
AI Generated Signals for ML
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ML:
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