Learn to Evaluate (FV) using the Charts
November 12, 2024, 13:00 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FV
- Buy FV near 59.13 target 62.12 stop loss @ 58.96 Details
The technical summary data tells us to buy FV near 59.13 with an upside target of 62.12. This data also tells us to set a stop loss @ 58.96 to protect against excessive loss in case the stock begins to move against the trade. 59.13 is the first level of support below 60.55 , and by rule, any test of support is a buy signal. In this case, support 59.13 is being tested, a buy signal would exist.
- Short FV slightly under 62.12, target 59.13, stop loss @ 62.3 Details
The technical summary data is suggesting a short of FV as it gets near 62.12 with a downside target of 59.13. We should have a stop loss in place at 62.3though. 62.12 is the first level of resistance above 60.55, and by rule, any test of resistance is a short signal. In this case, if resistance 62.12 is being tested, a short signal would exist.
Swing Trading Plans for FV
- Buy FV slightly over 61.72, target 62.12, Stop Loss @ 61.54 Details
If 61.72 begins to break higher, the technical summary data tells us to buy FV just slightly over 61.72, with an upside target of 62.12. The data also tells us to set a stop loss @ 61.54 in case the stock turns against the trade. 61.72 is the first level of resistance above 60.55, and by rule, any break above resistance is a buy signal. In this case, 61.72, 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 FV slightly near 61.72, target 59.69, Stop Loss @ 61.9. Details
The technical summary data is suggesting a short of FV if it tests 61.72 with a downside target of 59.69. We should have a stop loss in place at 61.9 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, 61.72, 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 FV
- Buy FV slightly over 61.37, target 61.72, Stop Loss @ 61.23 Details
If 61.37 begins to break higher, the technical summary data tells us to buy FV just slightly over 61.37, with an upside target of 61.72. The data also tells us to set a stop loss @ 61.23 in case the stock turns against the trade. 61.37 is the first level of resistance above 60.55, and by rule, any break above resistance is a buy signal. In this case, 61.37, 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 FV slightly near 61.37, target 59.69, Stop Loss @ 61.51. Details
The technical summary data is suggesting a short of FV if it tests 61.37 with a downside target of 59.69. We should have a stop loss in place at 61.51 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, 61.37, 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 First Trust Dorsey Wright Focus 5 Etf (FV) available here: FV.
FV Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
55.84 |
| P2 |
61.37 |
59.69 |
59.13 |
| P3 |
62.57 |
61.72 |
62.12 |
AI Generated Signals for FV
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 First Trust Dorsey Wright Focus 5 Etf (NYSE: FV) report below can help you understand how to do this. The trading plans for FV, 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 FV:
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