Learn to Evaluate Coinbase Global Inc. Class A ($COIN) using the Charts
September 16, 2023, 11:15 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COIN
- Buy COIN slightly over 76.15 target 97.32 stop loss @ 75.93 Details
The technical summary data tells us to buy COIN near 76.15 with an upside target of 97.32. This data also tells us to set a stop loss @ 75.93 to protect against excessive loss in case the stock begins to move against the trade. 76.15 is the first level of support below 82.15 , and by rule, any test of support is a buy signal. In this case, support 76.15 is being tested, a buy signal would exist.
- Short COIN slightly under 97.32, target 76.15, stop loss @ 97.6 Details
The technical summary data is suggesting a short of COIN as it gets near 97.32 with a downside target of 76.15. We should have a stop loss in place at 97.6though. 97.32 is the first level of resistance above 82.15, and by rule, any test of resistance is a short signal. In this case, if resistance 97.32 is being tested, a short signal would exist.
Swing Trading Plans for COIN
- Buy COIN slightly over 86.01, target 97.32, Stop Loss @ 85.76 Details
If 86.01 begins to break higher, the technical summary data tells us to buy COIN just slightly over 86.01, with an upside target of 97.32. The data also tells us to set a stop loss @ 85.76 in case the stock turns against the trade. 86.01 is the first level of resistance above 82.15, and by rule, any break above resistance is a buy signal. In this case, 86.01, 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 COIN slightly near 86.01, target 78.53, Stop Loss @ 86.26. Details
The technical summary data is suggesting a short of COIN if it tests 86.01 with a downside target of 78.53. We should have a stop loss in place at 86.26 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, 86.01, 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 COIN
- Buy COIN slightly over 84.02, target 86.01, Stop Loss @ 83.82 Details
If 84.02 begins to break higher, the technical summary data tells us to buy COIN just slightly over 84.02, with an upside target of 86.01. The data also tells us to set a stop loss @ 83.82 in case the stock turns against the trade. 84.02 is the first level of resistance above 82.15, and by rule, any break above resistance is a buy signal. In this case, 84.02, 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 COIN slightly near 84.02, target 81.41, Stop Loss @ 84.22. Details
The technical summary data is suggesting a short of COIN if it tests 84.02 with a downside target of 81.41. We should have a stop loss in place at 84.22 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, 84.02, 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 Coinbase Global Inc. Class A (COIN) available here: COIN.
COIN Ratings for September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
57.72 |
| P2 |
81.41 |
78.53 |
76.15 |
| P3 |
84.02 |
86.01 |
97.32 |
AI Generated Signals for COIN
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Coinbase Global Inc. Class A (NASDAQ: COIN) report below can help you understand how to do this. The trading plans for COIN, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COIN:
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