When the Price of Invesco Dynamic Energy Exp PXE Talks, People Listen

July 24, 2021, 18:45 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Invesco Dynamic Energy Exp (NYSE: PXE) 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 PXE 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. 

Longer Term Trading Plans for PXE

• Buy PXE slightly over 15.63 target 17.61 stop loss @ 15.58 Details

The technical summary data tells us to buy PXE near 15.63 with an upside target of 17.61. This data also tells us to set a stop loss @ 15.58 to protect against excessive loss in case the stock begins to move against the trade. 15.63 is the first level of support below 15.85 , and by rule, any test of support is a buy signal. In this case, support 15.63 would be being tested, so a buy signal would exist.

• Short PXE under 17.61, target 15.63, stop loss @ 17.66 Details

The technical summary data is suggesting a short of PXE as it gets near 17.61 with a downside target of 15.63. We should have a stop loss in place at 17.66though. 17.61 is the first level of resistance above 15.85, and by rule, any test of resistance is a short signal. In this case, if resistance 17.61 is being tested, so a short signal would exist.

Swing Trading Plans for PXE

• Buy PXE slightly over 16.04, target 17.61, Stop Loss @ 15.99 Details

If 16.04 begins to break higher, the technical summary data tells us to buy PXE just slightly over 16.04, with an upside target of 17.61. The data also tells us to set a stop loss @ 15.99 in case the stock turns against the trade. 16.04 is the first level of resistance above 15.85, and by rule, any break above resistance is a buy signal. In this case, 16.04, 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 PXE near 16.04, target 15.63, Stop Loss @ 16.09. Details

The technical summary data is suggesting a short of PXE if it tests 16.04 with a downside target of 15.63. We should have a stop loss in place at 16.09 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, 16.04, 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 PXE

• Buy PXE slightly over 16.04, target 17.61, Stop Loss @ 16 Details

If 16.04 begins to break higher, the technical summary data tells us to buy PXE just slightly over 16.04, with an upside target of 17.61. The data also tells us to set a stop loss @ 16 in case the stock turns against the trade. 16.04 is the first level of resistance above 15.85, and by rule, any break above resistance is a buy signal. In this case, 16.04, 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 PXE near 16.04, target 15.63, Stop Loss @ 16.08. Details

The technical summary data is suggesting a short of PXE if it tests 16.04 with a downside target of 15.63. We should have a stop loss in place at 16.08 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, 16.04, 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.

PXE Ratings for July 24:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	15.63
P2	14.87	14.92	17.61
P3	15.93	16.04	19.65

Support and Resistance Plot Chart for PXE

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