When the Price of (ASX) Talks, People Listen

October 09, 2024, 06:40 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ASX

• Buy ASX near 9.61 target 10.86 stop loss @ 9.58 Details

The technical summary data tells us to buy ASX near 9.61 with an upside target of 10.86. This data also tells us to set a stop loss @ 9.58 to protect against excessive loss in case the stock begins to move against the trade. 9.61 is the first level of support below 9.86 , and by rule, any test of support is a buy signal. In this case, support 9.61 would be being tested, so a buy signal would exist.

• Short ASX slightly under 10.86, target 9.61, stop loss @ 10.89 Details

The technical summary data is suggesting a short of ASX as it gets near 10.86 with a downside target of 9.61. We should have a stop loss in place at 10.89though. 10.86 is the first level of resistance above 9.86, and by rule, any test of resistance is a short signal. In this case, if resistance 10.86 is being tested, so a short signal would exist.

Swing Trading Plans for ASX

• Buy ASX slightly over 9.94, target 10.86, Stop Loss @ 9.91 Details

If 9.94 begins to break higher, the technical summary data tells us to buy ASX just slightly over 9.94, with an upside target of 10.86. The data also tells us to set a stop loss @ 9.91 in case the stock turns against the trade. 9.94 is the first level of resistance above 9.86, and by rule, any break above resistance is a buy signal. In this case, 9.94, 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 ASX slightly near 9.94, target 9.61, Stop Loss @ 9.97. Details

The technical summary data is suggesting a short of ASX if it tests 9.94 with a downside target of 9.61. We should have a stop loss in place at 9.97 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, 9.94, 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 ASX

• Buy ASX slightly over 9.95, target 10.86, Stop Loss @ 9.93 Details

If 9.95 begins to break higher, the technical summary data tells us to buy ASX just slightly over 9.95, with an upside target of 10.86. The data also tells us to set a stop loss @ 9.93 in case the stock turns against the trade. 9.95 is the first level of resistance above 9.86, and by rule, any break above resistance is a buy signal. In this case, 9.95, 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 ASX slightly near 9.95, target 9.61, Stop Loss @ 9.97. Details

The technical summary data is suggesting a short of ASX if it tests 9.95 with a downside target of 9.61. We should have a stop loss in place at 9.97 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, 9.95, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Ase Technology Holding Co. Ltd. American Depositary Shares (each Representing Two) (ASX) available here: ASX.

ASX Ratings for October 09:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	9.61
P2	9.95	9.46	10.86
P3	0	9.94	12.16

AI Generated Signals for ASX

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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 Ase Technology Holding Co. Ltd. American Depositary Shares (each Representing Two) (NYSE: ASX) 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 ASX 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.