(FTHI) Proactive Strategies

September 30, 2024, 08:16 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FTHI

• Buy FTHI near 22.87 target 23.35 stop loss @ 22.8 Details

The technical summary data tells us to buy FTHI near 22.87 with an upside target of 23.35. This data also tells us to set a stop loss @ 22.8 to protect against excessive loss in case the stock begins to move against the trade. 22.87 is the first level of support below 22.96 , and by rule, any test of support is a buy signal. In this case, support 22.87 is being tested, a buy signal would exist.

• Short FTHI slightly under 23.35, target 22.87, stop loss @ 23.42 Details

The technical summary data is suggesting a short of FTHI as it gets near 23.35 with a downside target of 22.87. We should have a stop loss in place at 23.42though. 23.35 is the first level of resistance above 22.96, and by rule, any test of resistance is a short signal. In this case, if resistance 23.35 is being tested, a short signal would exist.

Swing Trading Plans for FTHI

• Buy FTHI slightly over 23.12, target n/a, Stop Loss @ 23.05 Details

If 23.12 begins to break higher, the technical summary data tells us to buy FTHI just slightly over 23.12, with an upside target of n/a. The data also tells us to set a stop loss @ 23.05 in case the stock turns against the trade. 23.12 is the first level of resistance above 22.96, and by rule, any break above resistance is a buy signal. In this case, 23.12, 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 FTHI slightly near 23.12, target 22.87, Stop Loss @ 23.19. Details

The technical summary data is suggesting a short of FTHI if it tests 23.12 with a downside target of 22.87. We should have a stop loss in place at 23.19 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, 23.12, 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.

Day Trading Plans for FTHI

• Buy FTHI slightly over 23.12, target 23.35, Stop Loss @ 23.07 Details

If 23.12 begins to break higher, the technical summary data tells us to buy FTHI just slightly over 23.12, with an upside target of 23.35. The data also tells us to set a stop loss @ 23.07 in case the stock turns against the trade. 23.12 is the first level of resistance above 22.96, and by rule, any break above resistance is a buy signal. In this case, 23.12, 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 FTHI slightly near 23.12, target 22.26, Stop Loss @ 23.17. Details

The technical summary data is suggesting a short of FTHI if it tests 23.12 with a downside target of 22.26. We should have a stop loss in place at 23.17 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, 23.12, 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 First Trust Buywrite Income Etf (FTHI) available here: FTHI.

FTHI Ratings for September 30:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	22.26
P2	23	23.12	22.87
P3	0		23.35

AI Generated Signals for FTHI

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Don't over think it!  Trading First Trust Buywrite Income Etf (NASDAQ: FTHI) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FTHI 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 FTHI too.  All of these are offered below the Summary Table.