Learn to Evaluate Credit Suisse X-links Gold Shares Covered Call Etn ($GLDI) using the Charts
December 11, 2023, 06:45 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GLDI
- Buy GLDI slightly over 139.75 target 143.08 stop loss @ 139.35 Details
The technical summary data tells us to buy GLDI near 139.75 with an upside target of 143.08. This data also tells us to set a stop loss @ 139.35 to protect against excessive loss in case the stock begins to move against the trade. 139.75 is the first level of support below 142.12 , and by rule, any test of support is a buy signal. In this case, support 139.75 is being tested, a buy signal would exist.
- Short GLDI slightly under 143.08, target 139.75, stop loss @ 143.49 Details
The technical summary data is suggesting a short of GLDI as it gets near 143.08 with a downside target of 139.75. We should have a stop loss in place at 143.49though. 143.08 is the first level of resistance above 142.12, and by rule, any test of resistance is a short signal. In this case, if resistance 143.08 is being tested, a short signal would exist.
Swing Trading Plans for GLDI
- Buy GLDI slightly over 142.5, target 143.08, Stop Loss @ 142.09 Details
If 142.5 begins to break higher, the technical summary data tells us to buy GLDI just slightly over 142.5, with an upside target of 143.08. The data also tells us to set a stop loss @ 142.09 in case the stock turns against the trade. 142.5 is the first level of resistance above 142.12, and by rule, any break above resistance is a buy signal. In this case, 142.5, 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 GLDI slightly near 142.5, target 139.75, Stop Loss @ 142.91. Details
The technical summary data is suggesting a short of GLDI if it tests 142.5 with a downside target of 139.75. We should have a stop loss in place at 142.91 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, 142.5, 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 GLDI
- Buy GLDI slightly over 142.15, target 142.5, Stop Loss @ 141.82 Details
If 142.15 begins to break higher, the technical summary data tells us to buy GLDI just slightly over 142.15, with an upside target of 142.5. The data also tells us to set a stop loss @ 141.82 in case the stock turns against the trade. 142.15 is the first level of resistance above 142.12, and by rule, any break above resistance is a buy signal. In this case, 142.15, 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 GLDI slightly near 142.15, target 139.75, Stop Loss @ 142.48. Details
The technical summary data is suggesting a short of GLDI if it tests 142.15 with a downside target of 139.75. We should have a stop loss in place at 142.48 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, 142.15, 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 Credit Suisse X-links Gold Shares Cslightly overed Call Etn (GLDI) available here: GLDI.
GLDI Ratings for December 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
136.3 |
| P2 |
142.15 |
142.5 |
139.75 |
| P3 |
143.03 |
143.94 |
143.08 |
AI Generated Signals for GLDI
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 Credit Suisse X-links Gold Shares Covered Call Etn (NASDAQ: GLDI) report below can help you understand how to do this. The trading plans for GLDI, 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 GLDI:
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