How to Take Advantage of moves in (PPA)

June 29, 2024, 04:26 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PPA

• Buy PPA slightly over 99.77 target 104.07 stop loss @ 99.48 Details

The technical summary data tells us to buy PPA near 99.77 with an upside target of 104.07. This data also tells us to set a stop loss @ 99.48 to protect against excessive loss in case the stock begins to move against the trade. 99.77 is the first level of support below 102.72 , and by rule, any test of support is a buy signal. In this case, support 99.77 would be being tested, so a buy signal would exist.

• Short PPA slightly under 104.07, target 99.77, stop loss @ 104.37 Details

The technical summary data is suggesting a short of PPA as it gets near 104.07 with a downside target of 99.77. We should have a stop loss in place at 104.37though. 104.07 is the first level of resistance above 102.72, and by rule, any test of resistance is a short signal. In this case, if resistance 104.07 is being tested, so a short signal would exist.

Swing Trading Plans for PPA

• Buy PPA slightly over 104.07, target 108.14, Stop Loss @ 103.77 Details

If 104.07 begins to break higher, the technical summary data tells us to buy PPA just slightly over 104.07, with an upside target of 108.14. The data also tells us to set a stop loss @ 103.77 in case the stock turns against the trade. 104.07 is the first level of resistance above 102.72, and by rule, any break above resistance is a buy signal. In this case, 104.07, 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 PPA slightly near 104.07, target 102.35, Stop Loss @ 104.37. Details

The technical summary data is suggesting a short of PPA if it tests 104.07 with a downside target of 102.35. We should have a stop loss in place at 104.37 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, 104.07, 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 PPA

• Buy PPA slightly over 103.11, target 104.07, Stop Loss @ 102.87 Details

If 103.11 begins to break higher, the technical summary data tells us to buy PPA just slightly over 103.11, with an upside target of 104.07. The data also tells us to set a stop loss @ 102.87 in case the stock turns against the trade. 103.11 is the first level of resistance above 102.72, and by rule, any break above resistance is a buy signal. In this case, 103.11, 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 PPA slightly near 103.11, target 102.35, Stop Loss @ 103.35. Details

The technical summary data is suggesting a short of PPA if it tests 103.11 with a downside target of 102.35. We should have a stop loss in place at 103.35 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, 103.11, 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 Invesco Aerospace & Defense Etf (PPA) available here: PPA.

PPA Ratings for June 29:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	99.77
P2	102.06	102.35	104.07
P3	103.11	104.04	108.14

AI Generated Signals for PPA

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This Invesco Aerospace & Defense Etf (NYSE: PPA) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PPA change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PPA is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PPA too.  All of these are offered below the Summary Table.