Trading (EWJ) With Integrated Risk Controls
December 24, 2024, 17:54 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EWJ
- Buy EWJ near 65.6 target 68.79 stop loss @ 65.41 Details
The technical summary data tells us to buy EWJ near 65.6 with an upside target of 68.79. This data also tells us to set a stop loss @ 65.41 to protect against excessive loss in case the stock begins to move against the trade. 65.6 is the first level of support below 66.45 , and by rule, any test of support is a buy signal. In this case, support 65.6 would be being tested, so a buy signal would exist.
- Short EWJ slightly under 68.79, target 65.6, stop loss @ 68.99 Details
The technical summary data is suggesting a short of EWJ as it gets near 68.79 with a downside target of 65.6. We should have a stop loss in place at 68.99though. 68.79 is the first level of resistance above 66.45, and by rule, any test of resistance is a short signal. In this case, if resistance 68.79 is being tested, so a short signal would exist.
Swing Trading Plans for EWJ
- Buy EWJ slightly over 66.65, target 68.79, Stop Loss @ 66.46 Details
If 66.65 begins to break higher, the technical summary data tells us to buy EWJ just slightly over 66.65, with an upside target of 68.79. The data also tells us to set a stop loss @ 66.46 in case the stock turns against the trade. 66.65 is the first level of resistance above 66.45, and by rule, any break above resistance is a buy signal. In this case, 66.65, 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 EWJ slightly near 66.65, target 65.6, Stop Loss @ 66.84. Details
The technical summary data is suggesting a short of EWJ if it tests 66.65 with a downside target of 65.6. We should have a stop loss in place at 66.84 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, 66.65, 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 EWJ
- Buy EWJ slightly over 66.65, target 68.79, Stop Loss @ 66.49 Details
If 66.65 begins to break higher, the technical summary data tells us to buy EWJ just slightly over 66.65, with an upside target of 68.79. The data also tells us to set a stop loss @ 66.49 in case the stock turns against the trade. 66.65 is the first level of resistance above 66.45, and by rule, any break above resistance is a buy signal. In this case, 66.65, 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 EWJ slightly near 66.65, target 66.27, Stop Loss @ 66.81. Details
The technical summary data is suggesting a short of EWJ if it tests 66.65 with a downside target of 66.27. We should have a stop loss in place at 66.81 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, 66.65, 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 Ishares Msci Japan Etf (EWJ) available here: EWJ.
EWJ Ratings for December 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
65.6 |
| P2 |
65.38 |
65.58 |
68.79 |
| P3 |
66.27 |
66.65 |
71.73 |
AI Generated Signals for EWJ
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for EWJ:
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