Learn to Evaluate (GFS) using the Charts
November 12, 2024, 15:18 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GFS
- Buy GFS near 41.51 target 46.92 stop loss @ 41.39 Details
The technical summary data tells us to buy GFS near 41.51 with an upside target of 46.92. This data also tells us to set a stop loss @ 41.39 to protect against excessive loss in case the stock begins to move against the trade. 41.51 is the first level of support below 41.84 , and by rule, any test of support is a buy signal. In this case, support 41.51 is being tested, a buy signal would exist.
- Short GFS slightly under 46.92, target 41.51, stop loss @ 47.06 Details
The technical summary data is suggesting a short of GFS as it gets near 46.92 with a downside target of 41.51. We should have a stop loss in place at 47.06though. 46.92 is the first level of resistance above 41.84, and by rule, any test of resistance is a short signal. In this case, if resistance 46.92 is being tested, a short signal would exist.
Swing Trading Plans for GFS
- Buy GFS slightly over 46.48, target 46.92, Stop Loss @ 46.35 Details
If 46.48 begins to break higher, the technical summary data tells us to buy GFS just slightly over 46.48, with an upside target of 46.92. The data also tells us to set a stop loss @ 46.35 in case the stock turns against the trade. 46.48 is the first level of resistance above 41.84, and by rule, any break above resistance is a buy signal. In this case, 46.48, 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 GFS slightly near 46.48, target 41.51, Stop Loss @ 46.61. Details
The technical summary data is suggesting a short of GFS if it tests 46.48 with a downside target of 41.51. We should have a stop loss in place at 46.61 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, 46.48, 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 GFS
- Buy GFS slightly over 42.12, target 46.13, Stop Loss @ 42.02 Details
If 42.12 begins to break higher, the technical summary data tells us to buy GFS just slightly over 42.12, with an upside target of 46.13. The data also tells us to set a stop loss @ 42.02 in case the stock turns against the trade. 42.12 is the first level of resistance above 41.84, and by rule, any break above resistance is a buy signal. In this case, 42.12, 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 GFS slightly near 42.12, target 41.51, Stop Loss @ 42.22. Details
The technical summary data is suggesting a short of GFS if it tests 42.12 with a downside target of 41.51. We should have a stop loss in place at 42.22 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, 42.12, 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 Globalfoundries Inc. (GFS) available here: GFS.
GFS Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
36.7 |
| P2 |
42.12 |
40.38 |
41.51 |
| P3 |
46.13 |
46.48 |
46.92 |
AI Generated Signals for GFS
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 Globalfoundries Inc. (NYSE: GFS) report below can help you understand how to do this. The trading plans for GFS, 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 GFS:
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