Trading First Trust Dow Jones Internet Index Fund $FDN With Integrated Risk Controls
December 07, 2023, 10:30 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FDN
- Buy FDN slightly over 172.02 target 182.88 stop loss @ 171.52 Details
The technical summary data tells us to buy FDN near 172.02 with an upside target of 182.88. This data also tells us to set a stop loss @ 171.52 to protect against excessive loss in case the stock begins to move against the trade. 172.02 is the first level of support below 174.13 , and by rule, any test of support is a buy signal. In this case, support 172.02 is being tested, a buy signal would exist.
- Short FDN slightly under 182.88, target 172.02, stop loss @ 183.41 Details
The technical summary data is suggesting a short of FDN as it gets near 182.88 with a downside target of 172.02. We should have a stop loss in place at 183.41though. 182.88 is the first level of resistance above 174.13, and by rule, any test of resistance is a short signal. In this case, if resistance 182.88 is being tested, a short signal would exist.
Swing Trading Plans for FDN
- Buy FDN slightly over 175.45, target 182.88, Stop Loss @ 174.94 Details
If 175.45 begins to break higher, the technical summary data tells us to buy FDN just slightly over 175.45, with an upside target of 182.88. The data also tells us to set a stop loss @ 174.94 in case the stock turns against the trade. 175.45 is the first level of resistance above 174.13, and by rule, any break above resistance is a buy signal. In this case, 175.45, 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 FDN slightly near 175.45, target 172.9, Stop Loss @ 175.96. Details
The technical summary data is suggesting a short of FDN if it tests 175.45 with a downside target of 172.9. We should have a stop loss in place at 175.96 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, 175.45, 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 FDN
- Buy FDN slightly over 175, target 175.45, Stop Loss @ 174.59 Details
If 175 begins to break higher, the technical summary data tells us to buy FDN just slightly over 175, with an upside target of 175.45. The data also tells us to set a stop loss @ 174.59 in case the stock turns against the trade. 175 is the first level of resistance above 174.13, and by rule, any break above resistance is a buy signal. In this case, 175, 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 FDN slightly near 175, target 172.9, Stop Loss @ 175.41. Details
The technical summary data is suggesting a short of FDN if it tests 175 with a downside target of 172.9. We should have a stop loss in place at 175.41 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, 175, 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 First Trust Dow Jones Internet Index Fund (FDN) available here: FDN.
FDN Ratings for December 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
161.4 |
| P2 |
172.81 |
172.9 |
172.02 |
| P3 |
175 |
175.45 |
182.88 |
AI Generated Signals for FDN
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FDN:
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