(EFA) Pivots Trading Plans and Risk Controls

October 21, 2024, 07:12 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EFA

• Buy EFA near 80.26 target 83.3 stop loss @ 80.03 Details

The technical summary data tells us to buy EFA near 80.26 with an upside target of 83.3. This data also tells us to set a stop loss @ 80.03 to protect against excessive loss in case the stock begins to move against the trade. 80.26 is the first level of support below 81.55 , and by rule, any test of support is a buy signal. In this case, support 80.26 would be being tested, so a buy signal would exist.

• Short EFA slightly under 83.3, target 80.26, stop loss @ 83.54 Details

The technical summary data is suggesting a short of EFA as it gets near 83.3 with a downside target of 80.26. We should have a stop loss in place at 83.54though. 83.3 is the first level of resistance above 81.55, and by rule, any test of resistance is a short signal. In this case, if resistance 83.3 is being tested, so a short signal would exist.

Swing Trading Plans for EFA

• Buy EFA slightly over 81.94, target 83.3, Stop Loss @ 81.7 Details

If 81.94 begins to break higher, the technical summary data tells us to buy EFA just slightly over 81.94, with an upside target of 83.3. The data also tells us to set a stop loss @ 81.7 in case the stock turns against the trade. 81.94 is the first level of resistance above 81.55, and by rule, any break above resistance is a buy signal. In this case, 81.94, 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 EFA slightly near 81.94, target 81.21, Stop Loss @ 82.18. Details

The technical summary data is suggesting a short of EFA if it tests 81.94 with a downside target of 81.21. We should have a stop loss in place at 82.18 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, 81.94, 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 EFA

• Buy EFA slightly over 81.94, target 83.3, Stop Loss @ 81.75 Details

If 81.94 begins to break higher, the technical summary data tells us to buy EFA just slightly over 81.94, with an upside target of 83.3. The data also tells us to set a stop loss @ 81.75 in case the stock turns against the trade. 81.94 is the first level of resistance above 81.55, and by rule, any break above resistance is a buy signal. In this case, 81.94, 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 EFA slightly near 81.94, target 81.21, Stop Loss @ 82.13. Details

The technical summary data is suggesting a short of EFA if it tests 81.94 with a downside target of 81.21. We should have a stop loss in place at 82.13 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, 81.94, 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 Msci Eafe Etf (EFA) available here: EFA.

EFA Ratings for October 21:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	80.26
P2	81	81.21	83.3
P3	81.81	81.94	85.99

AI Generated Signals for EFA

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This Ishares Msci Eafe Etf (NYSE: EFA) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

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