When (YY) Moves Investors should Listen
March 16, 2024, 21:28 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for YY
- Buy YY slightly over 31.85 target 37.06 stop loss @ 31.76 Details
The technical summary data tells us to buy YY near 31.85 with an upside target of 37.06. This data also tells us to set a stop loss @ 31.76 to protect against excessive loss in case the stock begins to move against the trade. 31.85 is the first level of support below 32.26 , and by rule, any test of support is a buy signal. In this case, support 31.85 would be being tested, so a buy signal would exist.
- Short YY slightly under 37.06, target 31.85, stop loss @ 37.17 Details
The technical summary data is suggesting a short of YY as it gets near 37.06 with a downside target of 31.85. We should have a stop loss in place at 37.17though. 37.06 is the first level of resistance above 32.26, and by rule, any test of resistance is a short signal. In this case, if resistance 37.06 is being tested, so a short signal would exist.
Swing Trading Plans for YY
- Buy YY slightly over 32.38, target 37.06, Stop Loss @ 32.29 Details
If 32.38 begins to break higher, the technical summary data tells us to buy YY just slightly over 32.38, with an upside target of 37.06. The data also tells us to set a stop loss @ 32.29 in case the stock turns against the trade. 32.38 is the first level of resistance above 32.26, and by rule, any break above resistance is a buy signal. In this case, 32.38, 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 YY slightly near 32.38, target 31.85, Stop Loss @ 32.47. Details
The technical summary data is suggesting a short of YY if it tests 32.38 with a downside target of 31.85. We should have a stop loss in place at 32.47 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, 32.38, 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 YY
- Buy YY slightly over 32.38, target 33.59, Stop Loss @ 32.3 Details
If 32.38 begins to break higher, the technical summary data tells us to buy YY just slightly over 32.38, with an upside target of 33.59. The data also tells us to set a stop loss @ 32.3 in case the stock turns against the trade. 32.38 is the first level of resistance above 32.26, and by rule, any break above resistance is a buy signal. In this case, 32.38, 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 YY slightly near 32.38, target 32.13, Stop Loss @ 32.46. Details
The technical summary data is suggesting a short of YY if it tests 32.38 with a downside target of 32.13. We should have a stop loss in place at 32.46 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, 32.38, 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 Joyy Inc. (YY) available here: YY.
YY Ratings for March 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
31.85 |
| P2 |
32.13 |
30.33 |
37.06 |
| P3 |
33.59 |
32.38 |
42.29 |
AI Generated Signals for YY
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 Joyy Inc. (NYSE: YY) report below is a real world example. Included are trading plans for YY, 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 YY:
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