When (FNGG) Moves Investors should Listen

November 23, 2024, 02:04 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FNGG

• Buy FNGG near 155.95 target 174.21 stop loss @ 155.5 Details

The technical summary data tells us to buy FNGG near 155.95 with an upside target of 174.21. This data also tells us to set a stop loss @ 155.5 to protect against excessive loss in case the stock begins to move against the trade. 155.95 is the first level of support below 163.72 , and by rule, any test of support is a buy signal. In this case, support 155.95 is being tested, a buy signal would exist.

• Short FNGG slightly under 174.21, target 155.95, stop loss @ 174.71 Details

The technical summary data is suggesting a short of FNGG as it gets near 174.21 with a downside target of 155.95. We should have a stop loss in place at 174.71though. 174.21 is the first level of resistance above 163.72, and by rule, any test of resistance is a short signal. In this case, if resistance 174.21 is being tested, a short signal would exist.

Swing Trading Plans for FNGG

• Buy FNGG slightly over 165.95, target 174.21, Stop Loss @ 165.47 Details

If 165.95 begins to break higher, the technical summary data tells us to buy FNGG just slightly over 165.95, with an upside target of 174.21. The data also tells us to set a stop loss @ 165.47 in case the stock turns against the trade. 165.95 is the first level of resistance above 163.72, and by rule, any break above resistance is a buy signal. In this case, 165.95, 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 FNGG slightly near 165.95, target 157.91, Stop Loss @ 166.43. Details

The technical summary data is suggesting a short of FNGG if it tests 165.95 with a downside target of 157.91. We should have a stop loss in place at 166.43 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, 165.95, 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 FNGG

• Buy FNGG slightly over 165.61, target 165.95, Stop Loss @ 165.22 Details

If 165.61 begins to break higher, the technical summary data tells us to buy FNGG just slightly over 165.61, with an upside target of 165.95. The data also tells us to set a stop loss @ 165.22 in case the stock turns against the trade. 165.61 is the first level of resistance above 163.72, and by rule, any break above resistance is a buy signal. In this case, 165.61, 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 FNGG slightly near 165.61, target 162.28, Stop Loss @ 166. Details

The technical summary data is suggesting a short of FNGG if it tests 165.61 with a downside target of 162.28. We should have a stop loss in place at 166 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, 165.61, 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  Direxion Daily Nyse Fang+ Bull 2x Shares (FNGG) available here: FNGG.

FNGG Ratings for November 23:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	138.26
P2	162.28	157.91	155.95
P3	165.61	165.95	174.21

AI Generated Signals for FNGG

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