How to Take Advantage of moves in (PTF)

June 02, 2024, 11:00 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PTF

• Buy PTF slightly over 56.06 target 60.65 stop loss @ 55.9 Details

The technical summary data tells us to buy PTF near 56.06 with an upside target of 60.65. This data also tells us to set a stop loss @ 55.9 to protect against excessive loss in case the stock begins to move against the trade. 56.06 is the first level of support below 57.58 , and by rule, any test of support is a buy signal. In this case, support 56.06 is being tested, a buy signal would exist.

• Short PTF slightly under 60.65, target 56.06, stop loss @ 60.83 Details

The technical summary data is suggesting a short of PTF as it gets near 60.65 with a downside target of 56.06. We should have a stop loss in place at 60.83though. 60.65 is the first level of resistance above 57.58, and by rule, any test of resistance is a short signal. In this case, if resistance 60.65 is being tested, a short signal would exist.

Swing Trading Plans for PTF

• Buy PTF slightly over 58.13, target 60.17, Stop Loss @ 57.96 Details

If 58.13 begins to break higher, the technical summary data tells us to buy PTF just slightly over 58.13, with an upside target of 60.17. The data also tells us to set a stop loss @ 57.96 in case the stock turns against the trade. 58.13 is the first level of resistance above 57.58, and by rule, any break above resistance is a buy signal. In this case, 58.13, 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 PTF slightly near 58.13, target 56.06, Stop Loss @ 58.3. Details

The technical summary data is suggesting a short of PTF if it tests 58.13 with a downside target of 56.06. We should have a stop loss in place at 58.3 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, 58.13, 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 PTF

• Buy PTF slightly over 58.13, target 58.6, Stop Loss @ 57.99 Details

If 58.13 begins to break higher, the technical summary data tells us to buy PTF just slightly over 58.13, with an upside target of 58.6. The data also tells us to set a stop loss @ 57.99 in case the stock turns against the trade. 58.13 is the first level of resistance above 57.58, and by rule, any break above resistance is a buy signal. In this case, 58.13, 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 PTF slightly near 58.13, target 56.73, Stop Loss @ 58.27. Details

The technical summary data is suggesting a short of PTF if it tests 58.13 with a downside target of 56.73. We should have a stop loss in place at 58.27 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, 58.13, 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 Invesco Dwa Technology Momentum Etf (PTF) available here: PTF.

PTF Ratings for June 02:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	51.47
P2	56.73	58.13	56.06
P3	58.6	60.17	60.65

AI Generated Signals for PTF

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This Invesco Dwa Technology Momentum Etf (NYSE: PTF) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

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