When the Price of Spdr S&p China $GXC Talks, People Listen
October 16, 2023, 20:00 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GXC
- Buy GXC slightly over 67.72 target 74.54 stop loss @ 67.52 Details
The technical summary data tells us to buy GXC near 67.72 with an upside target of 74.54. This data also tells us to set a stop loss @ 67.52 to protect against excessive loss in case the stock begins to move against the trade. 67.72 is the first level of support below 71.35 , and by rule, any test of support is a buy signal. In this case, support 67.72 would be being tested, so a buy signal would exist.
- Short GXC slightly under 74.54, target 67.72, stop loss @ 74.76 Details
The technical summary data is suggesting a short of GXC as it gets near 74.54 with a downside target of 67.72. We should have a stop loss in place at 74.76though. 74.54 is the first level of resistance above 71.35, and by rule, any test of resistance is a short signal. In this case, if resistance 74.54 is being tested, so a short signal would exist.
Swing Trading Plans for GXC
- Buy GXC slightly over 72.66, target 74.54, Stop Loss @ 72.45 Details
If 72.66 begins to break higher, the technical summary data tells us to buy GXC just slightly over 72.66, with an upside target of 74.54. The data also tells us to set a stop loss @ 72.45 in case the stock turns against the trade. 72.66 is the first level of resistance above 71.35, and by rule, any break above resistance is a buy signal. In this case, 72.66, 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 GXC slightly near 72.66, target 70.73, Stop Loss @ 72.87. Details
The technical summary data is suggesting a short of GXC if it tests 72.66 with a downside target of 70.73. We should have a stop loss in place at 72.87 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, 72.66, 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 GXC
- Buy GXC slightly over 72.66, target 74.54, Stop Loss @ 72.49 Details
If 72.66 begins to break higher, the technical summary data tells us to buy GXC just slightly over 72.66, with an upside target of 74.54. The data also tells us to set a stop loss @ 72.49 in case the stock turns against the trade. 72.66 is the first level of resistance above 71.35, and by rule, any break above resistance is a buy signal. In this case, 72.66, 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 GXC slightly near 72.66, target 70.73, Stop Loss @ 72.83. Details
The technical summary data is suggesting a short of GXC if it tests 72.66 with a downside target of 70.73. We should have a stop loss in place at 72.83 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, 72.66, 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 Spdr S&p China (GXC) available here: GXC.
GXC Ratings for October 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
67.72 |
| P2 |
70.69 |
70.73 |
74.54 |
| P3 |
72.58 |
72.66 |
81.02 |
AI Generated Signals for GXC
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 Spdr S&p China (NYSE: GXC) 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 GXC 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 GXC:
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