When (ESPO) Moves Investors should Listen
April 01, 2024, 09:22 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ESPO
- Buy ESPO slightly over 58.95 target 62.73 stop loss @ 58.78 Details
The technical summary data tells us to buy ESPO near 58.95 with an upside target of 62.73. This data also tells us to set a stop loss @ 58.78 to protect against excessive loss in case the stock begins to move against the trade. 58.95 is the first level of support below 62.52 , and by rule, any test of support is a buy signal. In this case, support 58.95 is being tested, a buy signal would exist.
- Short ESPO slightly under 62.73, target 58.95, stop loss @ 62.91 Details
The technical summary data is suggesting a short of ESPO as it gets near 62.73 with a downside target of 58.95. We should have a stop loss in place at 62.91though. 62.73 is the first level of resistance above 62.52, and by rule, any test of resistance is a short signal. In this case, if resistance 62.73 is being tested, a short signal would exist.
Swing Trading Plans for ESPO
- Buy ESPO slightly over 62.84, target n/a, Stop Loss @ 62.66 Details
If 62.84 begins to break higher, the technical summary data tells us to buy ESPO just slightly over 62.84, with an upside target of n/a. The data also tells us to set a stop loss @ 62.66 in case the stock turns against the trade. 62.84 is the first level of resistance above 62.52, and by rule, any break above resistance is a buy signal. In this case, 62.84, 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 ESPO slightly near 62.84, target 61.83, Stop Loss @ 63.02. Details
The technical summary data is suggesting a short of ESPO if it tests 62.84 with a downside target of 61.83. We should have a stop loss in place at 63.02 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, 62.84, 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 ESPO
- Buy ESPO slightly over 62.84, target n/a, Stop Loss @ 62.69 Details
If 62.84 begins to break higher, the technical summary data tells us to buy ESPO just slightly over 62.84, with an upside target of n/a. The data also tells us to set a stop loss @ 62.69 in case the stock turns against the trade. 62.84 is the first level of resistance above 62.52, and by rule, any break above resistance is a buy signal. In this case, 62.84, 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 ESPO slightly near 62.84, target 62.28, Stop Loss @ 62.99. Details
The technical summary data is suggesting a short of ESPO if it tests 62.84 with a downside target of 62.28. We should have a stop loss in place at 62.99 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, 62.84, 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 Vaneck Vectors Video Gaming And Esports Etf (ESPO) available here: ESPO.
ESPO Ratings for April 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
55.35 |
| P2 |
62.28 |
61.83 |
58.95 |
| P3 |
62.79 |
62.84 |
62.73 |
AI Generated Signals for ESPO
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Vaneck Vectors Video Gaming And Esports Etf (NASDAQ: ESPO) report below is a real world example. Included are trading plans for ESPO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ESPO:
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