(MFLX) On The My Stocks Page

August 25, 2024, 14:24 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MFLX

• Buy MFLX slightly over 17.28 target 17.64 stop loss @ 17.23 Details

The technical summary data tells us to buy MFLX near 17.28 with an upside target of 17.64. This data also tells us to set a stop loss @ 17.23 to protect against excessive loss in case the stock begins to move against the trade. 17.28 is the first level of support below 17.325 , and by rule, any test of support is a buy signal. In this case, support 17.28 is being tested, a buy signal would exist.

• Short MFLX slightly under 17.64, target 17.28, stop loss @ 17.69 Details

The technical summary data is suggesting a short of MFLX as it gets near 17.64 with a downside target of 17.28. We should have a stop loss in place at 17.69though. 17.64 is the first level of resistance above 17.325, and by rule, any test of resistance is a short signal. In this case, if resistance 17.64 is being tested, a short signal would exist.

Swing Trading Plans for MFLX

• Buy MFLX slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy MFLX just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 17.325, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 MFLX slightly near n/a, target 17.32, Stop Loss @ 0. Details

The technical summary data is suggesting a short of MFLX if it tests n/a with a downside target of 17.32. We should have a stop loss in place at 0 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, n/a, 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 MFLX

• Buy MFLX slightly over 17.33, target 17.64, Stop Loss @ 17.29 Details

If 17.33 begins to break higher, the technical summary data tells us to buy MFLX just slightly over 17.33, with an upside target of 17.64. The data also tells us to set a stop loss @ 17.29 in case the stock turns against the trade. 17.33 is the first level of resistance above 17.325, and by rule, any break above resistance is a buy signal. In this case, 17.33, 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 MFLX slightly near 17.33, target 16.9, Stop Loss @ 17.37. Details

The technical summary data is suggesting a short of MFLX if it tests 17.33 with a downside target of 16.9. We should have a stop loss in place at 17.37 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, 17.33, 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 Tr Etf Viii (MFLX) available here: MFLX.

MFLX Ratings for August 25:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	16.9
P2	17.33	17.32	17.28
P3	0		17.64

AI Generated Signals for MFLX

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Trading or Investing in First Tr Etf Viii (NASDAQ: MFLX) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MFLX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MFLX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MFLX too.  All of these are offered below the Summary Table.