When the Price of (IWM) Talks, People Listen
June 28, 2024, 12:48 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IWM
- Buy IWM slightly over 192.03 target 204.52 stop loss @ 191.48 Details
The technical summary data tells us to buy IWM near 192.03 with an upside target of 204.52. This data also tells us to set a stop loss @ 191.48 to protect against excessive loss in case the stock begins to move against the trade. 192.03 is the first level of support below 202.42 , and by rule, any test of support is a buy signal. In this case, support 192.03 would be being tested, so a buy signal would exist.
- Short IWM slightly under 204.52, target 192.03, stop loss @ 205.11 Details
The technical summary data is suggesting a short of IWM as it gets near 204.52 with a downside target of 192.03. We should have a stop loss in place at 205.11though. 204.52 is the first level of resistance above 202.42, and by rule, any test of resistance is a short signal. In this case, if resistance 204.52 is being tested, so a short signal would exist.
Swing Trading Plans for IWM
- Buy IWM slightly over 204.52, target 216.52, Stop Loss @ 203.93 Details
If 204.52 begins to break higher, the technical summary data tells us to buy IWM just slightly over 204.52, with an upside target of 216.52. The data also tells us to set a stop loss @ 203.93 in case the stock turns against the trade. 204.52 is the first level of resistance above 202.42, and by rule, any break above resistance is a buy signal. In this case, 204.52, 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 IWM slightly near 204.52, target 202.11, Stop Loss @ 205.11. Details
The technical summary data is suggesting a short of IWM if it tests 204.52 with a downside target of 202.11. We should have a stop loss in place at 205.11 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, 204.52, 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 IWM
- Buy IWM slightly over 204.52, target 216.52, Stop Loss @ 204.04 Details
If 204.52 begins to break higher, the technical summary data tells us to buy IWM just slightly over 204.52, with an upside target of 216.52. The data also tells us to set a stop loss @ 204.04 in case the stock turns against the trade. 204.52 is the first level of resistance above 202.42, and by rule, any break above resistance is a buy signal. In this case, 204.52, 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 IWM slightly near 204.52, target 202.11, Stop Loss @ 205. Details
The technical summary data is suggesting a short of IWM if it tests 204.52 with a downside target of 202.11. We should have a stop loss in place at 205 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, 204.52, 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 Russell 2000 Etf (IWM) available here: IWM.
IWM Ratings for June 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
192.03 |
| P2 |
199.66 |
198.02 |
204.52 |
| P3 |
201.58 |
202.11 |
216.52 |
AI Generated Signals for IWM
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Ishares Russell 2000 Etf (NYSE: IWM) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for IWM can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IWM:
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