Trend Tracker for (CONL)

June 30, 2024, 15:40 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CONL

• Buy CONL slightly over 40.76 target 59.07 stop loss @ 40.64 Details

The technical summary data tells us to buy CONL near 40.76 with an upside target of 59.07. This data also tells us to set a stop loss @ 40.64 to protect against excessive loss in case the stock begins to move against the trade. 40.76 is the first level of support below 45.47 , and by rule, any test of support is a buy signal. In this case, support 40.76 would be being tested, so a buy signal would exist.

• Short CONL slightly under 59.07, target 40.76, stop loss @ 59.24 Details

The technical summary data is suggesting a short of CONL as it gets near 59.07 with a downside target of 40.76. We should have a stop loss in place at 59.24though. 59.07 is the first level of resistance above 45.47, and by rule, any test of resistance is a short signal. In this case, if resistance 59.07 is being tested, so a short signal would exist.

Swing Trading Plans for CONL

• Buy CONL slightly over 59.07, target 81.62, Stop Loss @ 58.9 Details

If 59.07 begins to break higher, the technical summary data tells us to buy CONL just slightly over 59.07, with an upside target of 81.62. The data also tells us to set a stop loss @ 58.9 in case the stock turns against the trade. 59.07 is the first level of resistance above 45.47, and by rule, any break above resistance is a buy signal. In this case, 59.07, 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 CONL slightly near 59.07, target 43.96, Stop Loss @ 59.24. Details

The technical summary data is suggesting a short of CONL if it tests 59.07 with a downside target of 43.96. We should have a stop loss in place at 59.24 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, 59.07, 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 CONL

• Buy CONL slightly over 47.21, target 59.07, Stop Loss @ 47.1 Details

If 47.21 begins to break higher, the technical summary data tells us to buy CONL just slightly over 47.21, with an upside target of 59.07. The data also tells us to set a stop loss @ 47.1 in case the stock turns against the trade. 47.21 is the first level of resistance above 45.47, and by rule, any break above resistance is a buy signal. In this case, 47.21, 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 CONL slightly near 47.21, target 44.41, Stop Loss @ 47.32. Details

The technical summary data is suggesting a short of CONL if it tests 47.21 with a downside target of 44.41. We should have a stop loss in place at 47.32 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, 47.21, 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 Graniteshares 1.5x Coin Daily Etf (CONL) available here: CONL.

CONL Ratings for June 30:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	40.76
P2	44.41	37.74	59.07
P3	47.21	43.96	81.62

AI Generated Signals for CONL

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The data for Graniteshares 1.5x Coin Daily Etf (NASDAQ: CONL) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CONL 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 CONL 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 CONL too.  All of these are offered below the Summary Table.