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Trading (EGO) With Integrated Risk Controls

Longer Term Trading Plans for EGO
  • Buy EGO near 17.83 target 19.37 stop loss @ 17.78 Details
  • The technical summary data tells us to buy EGO near 17.83 with an upside target of 19.37. This data also tells us to set a stop loss @ 17.78 to protect against excessive loss in case the stock begins to move against the trade. 17.83 is the first level of support below 18.73 , and by rule, any test of support is a buy signal. In this case, support 17.83 is being tested, a buy signal would exist.

  • Short EGO slightly under 19.37, target 17.83, stop loss @ 19.43 Details
  • The technical summary data is suggesting a short of EGO as it gets near 19.37 with a downside target of 17.83. We should have a stop loss in place at 19.43though. 19.37 is the first level of resistance above 18.73, and by rule, any test of resistance is a short signal. In this case, if resistance 19.37 is being tested, a short signal would exist.

Swing Trading Plans for EGO
  • Buy EGO slightly over 19.37, target n/a, Stop Loss @ 19.31 Details
  • If 19.37 begins to break higher, the technical summary data tells us to buy EGO just slightly over 19.37, with an upside target of n/a. The data also tells us to set a stop loss @ 19.31 in case the stock turns against the trade. 19.37 is the first level of resistance above 18.73, and by rule, any break above resistance is a buy signal. In this case, 19.37, 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 EGO slightly near 19.37, target 18.73, Stop Loss @ 19.43. Details
  • The technical summary data is suggesting a short of EGO if it tests 19.37 with a downside target of 18.73. 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, 19.37, 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 EGO
  • Buy EGO slightly over 18.76, target 19.37, Stop Loss @ 18.72 Details
  • If 18.76 begins to break higher, the technical summary data tells us to buy EGO just slightly over 18.76, with an upside target of 19.37. The data also tells us to set a stop loss @ 18.72 in case the stock turns against the trade. 18.76 is the first level of resistance above 18.73, and by rule, any break above resistance is a buy signal. In this case, 18.76, 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 EGO slightly near 18.76, target 18.41, Stop Loss @ 18.8. Details
  • The technical summary data is suggesting a short of EGO if it tests 18.76 with a downside target of 18.41. We should have a stop loss in place at 18.8 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, 18.76, 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 Eldorado Gold Corporation (EGO) available here: EGO.

EGO Ratings for October 21:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 16.29
P2 18.41 17.68 17.83
P3 18.76 18.73 19.37
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AI Generated Signals for EGO

EGO Long Term Analysis for October 21 2024

Blue = Current Price
Red= Resistance
Green = Support

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Eldorado Gold Corporation (NYSE: EGO) report below can help you, but we have more details too. The trading plans for EGO, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.