When the Price of (NRGU) Talks, People Listen

January 10, 2024, 06:24 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NRGU

• Buy NRGU slightly over 345.04 target 426.93 stop loss @ 344.04 Details

The technical summary data tells us to buy NRGU near 345.04 with an upside target of 426.93. This data also tells us to set a stop loss @ 344.04 to protect against excessive loss in case the stock begins to move against the trade. 345.04 is the first level of support below 392.12 , and by rule, any test of support is a buy signal. In this case, support 345.04 would be being tested, so a buy signal would exist.

• Short NRGU slightly under 426.93, target 345.04, stop loss @ 428.16 Details

The technical summary data is suggesting a short of NRGU as it gets near 426.93 with a downside target of 345.04. We should have a stop loss in place at 428.16though. 426.93 is the first level of resistance above 392.12, and by rule, any test of resistance is a short signal. In this case, if resistance 426.93 is being tested, so a short signal would exist.

Swing Trading Plans for NRGU

• Buy NRGU slightly over 394.06, target 426.61, Stop Loss @ 392.92 Details

If 394.06 begins to break higher, the technical summary data tells us to buy NRGU just slightly over 394.06, with an upside target of 426.61. The data also tells us to set a stop loss @ 392.92 in case the stock turns against the trade. 394.06 is the first level of resistance above 392.12, and by rule, any break above resistance is a buy signal. In this case, 394.06, 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 NRGU slightly near 394.06, target 345.04, Stop Loss @ 395.2. Details

The technical summary data is suggesting a short of NRGU if it tests 394.06 with a downside target of 345.04. We should have a stop loss in place at 395.2 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, 394.06, 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 NRGU

• Buy NRGU slightly over 394.06, target 396.71, Stop Loss @ 393.14 Details

If 394.06 begins to break higher, the technical summary data tells us to buy NRGU just slightly over 394.06, with an upside target of 396.71. The data also tells us to set a stop loss @ 393.14 in case the stock turns against the trade. 394.06 is the first level of resistance above 392.12, and by rule, any break above resistance is a buy signal. In this case, 394.06, 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 NRGU slightly near 394.06, target 377.81, Stop Loss @ 394.98. Details

The technical summary data is suggesting a short of NRGU if it tests 394.06 with a downside target of 377.81. We should have a stop loss in place at 394.98 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, 394.06, 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 Bank Of Montreal Zc Sp Etn Redeem 25/03/2039 Usd 50 - Ser E Nrgu (NRGU) available here: NRGU.

NRGU Ratings for January 10:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	345.04
P2	377.81	394.06	426.93
P3	396.71	426.61	517.45

AI Generated Signals for NRGU

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Bank Of Montreal Zc Sp Etn Redeem 25/03/2039 Usd 50 - Ser E Nrgu (NASDAQ: NRGU) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for NRGU can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.