Trading (WFH) With Integrated Risk Controls
March 26, 2024, 19:02 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WFH
- Buy WFH slightly over 55.96 target 59.38 stop loss @ 55.8 Details
The technical summary data tells us to buy WFH near 55.96 with an upside target of 59.38. This data also tells us to set a stop loss @ 55.8 to protect against excessive loss in case the stock begins to move against the trade. 55.96 is the first level of support below 56.3028 , and by rule, any test of support is a buy signal. In this case, support 55.96 is being tested, a buy signal would exist.
- Short WFH slightly under 59.38, target 55.96, stop loss @ 59.55 Details
The technical summary data is suggesting a short of WFH as it gets near 59.38 with a downside target of 55.96. We should have a stop loss in place at 59.55though. 59.38 is the first level of resistance above 56.3028, and by rule, any test of resistance is a short signal. In this case, if resistance 59.38 is being tested, a short signal would exist.
Swing Trading Plans for WFH
- Buy WFH slightly over 56.59, target 59.38, Stop Loss @ 56.43 Details
If 56.59 begins to break higher, the technical summary data tells us to buy WFH just slightly over 56.59, with an upside target of 59.38. The data also tells us to set a stop loss @ 56.43 in case the stock turns against the trade. 56.59 is the first level of resistance above 56.3028, and by rule, any break above resistance is a buy signal. In this case, 56.59, 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 WFH slightly near 56.59, target 55.96, Stop Loss @ 56.75. Details
The technical summary data is suggesting a short of WFH if it tests 56.59 with a downside target of 55.96. We should have a stop loss in place at 56.75 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, 56.59, 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 WFH
- Buy WFH slightly over 56.59, target 56.81, Stop Loss @ 56.46 Details
If 56.59 begins to break higher, the technical summary data tells us to buy WFH just slightly over 56.59, with an upside target of 56.81. The data also tells us to set a stop loss @ 56.46 in case the stock turns against the trade. 56.59 is the first level of resistance above 56.3028, and by rule, any break above resistance is a buy signal. In this case, 56.59, 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 WFH slightly near 56.59, target 56.11, Stop Loss @ 56.72. Details
The technical summary data is suggesting a short of WFH if it tests 56.59 with a downside target of 56.11. We should have a stop loss in place at 56.72 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, 56.59, 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 Direxion Work From Home Etf (WFH) available here: WFH.
WFH Ratings for March 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
52.54 |
| P2 |
56.11 |
55.05 |
55.96 |
| P3 |
56.81 |
56.59 |
59.38 |
AI Generated Signals for WFH
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Direxion Work From Home Etf (NYSE: WFH) report below can help you, but we have more details too. The trading plans for WFH, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for WFH:
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