How the (IGM) price action is used to our Advantage
January 09, 2024, 02:10 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IGM
- Buy IGM slightly over 437.06 target 458.82 stop loss @ 435.8 Details
The technical summary data tells us to buy IGM near 437.06 with an upside target of 458.82. This data also tells us to set a stop loss @ 435.8 to protect against excessive loss in case the stock begins to move against the trade. 437.06 is the first level of support below 442.41 , and by rule, any test of support is a buy signal. In this case, support 437.06 is being tested, a buy signal would exist.
- Short IGM slightly under 458.82, target 437.06, stop loss @ 460.15 Details
The technical summary data is suggesting a short of IGM as it gets near 458.82 with a downside target of 437.06. We should have a stop loss in place at 460.15though. 458.82 is the first level of resistance above 442.41, and by rule, any test of resistance is a short signal. In this case, if resistance 458.82 is being tested, a short signal would exist.
Swing Trading Plans for IGM
- Buy IGM slightly over 458.82, target n/a, Stop Loss @ 457.49 Details
If 458.82 begins to break higher, the technical summary data tells us to buy IGM just slightly over 458.82, with an upside target of n/a. The data also tells us to set a stop loss @ 457.49 in case the stock turns against the trade. 458.82 is the first level of resistance above 442.41, and by rule, any break above resistance is a buy signal. In this case, 458.82, 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 IGM slightly near 458.82, target 438.8, Stop Loss @ 460.15. Details
The technical summary data is suggesting a short of IGM if it tests 458.82 with a downside target of 438.8. We should have a stop loss in place at 460.15 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, 458.82, 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 IGM
- Buy IGM slightly over 458.82, target n/a, Stop Loss @ 457.75 Details
If 458.82 begins to break higher, the technical summary data tells us to buy IGM just slightly over 458.82, with an upside target of n/a. The data also tells us to set a stop loss @ 457.75 in case the stock turns against the trade. 458.82 is the first level of resistance above 442.41, and by rule, any break above resistance is a buy signal. In this case, 458.82, 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 IGM slightly near 458.82, target 438.8, Stop Loss @ 459.89. Details
The technical summary data is suggesting a short of IGM if it tests 458.82 with a downside target of 438.8. We should have a stop loss in place at 459.89 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, 458.82, 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 Ishares Expanded Tech Sector Etf (IGM) available here: IGM.
IGM Ratings for January 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
414.66 |
| P2 |
431.6 |
427.14 |
437.06 |
| P3 |
438.79 |
438.8 |
458.82 |
AI Generated Signals for IGM
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Ishares Expanded Tech Sector Etf (NYSE: IGM) data table below can help you with price action, and we have more details too. Trading plans for IGM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IGM:
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