How To Trade Ishares Global Clean Energy Et ICLN

December 31, 2022, 15:45 pmET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ICLN

• Buy ICLN slightly over 19.81 target 22.35 stop loss @ 19.75 Details

The technical summary data tells us to buy ICLN near 19.81 with an upside target of 22.35. This data also tells us to set a stop loss @ 19.75 to protect against excessive loss in case the stock begins to move against the trade. 19.81 is the first level of support below 19.85 , and by rule, any test of support is a buy signal. In this case, support 19.81 is being tested, a buy signal would exist.

• Short ICLN slightly under 22.35, target 19.81, stop loss @ 22.41 Details

The technical summary data is suggesting a short of ICLN as it gets near 22.35 with a downside target of 19.81. We should have a stop loss in place at 22.41though. 22.35 is the first level of resistance above 19.85, and by rule, any test of resistance is a short signal. In this case, if resistance 22.35 is being tested, a short signal would exist.

Swing Trading Plans for ICLN

• Buy ICLN slightly over 20.03, target 22.35, Stop Loss @ 19.97 Details

If 20.03 begins to break higher, the technical summary data tells us to buy ICLN just slightly over 20.03, with an upside target of 22.35. The data also tells us to set a stop loss @ 19.97 in case the stock turns against the trade. 20.03 is the first level of resistance above 19.85, and by rule, any break above resistance is a buy signal. In this case, 20.03, 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 ICLN slightly near 20.03, target 19.81, Stop Loss @ 20.09. Details

The technical summary data is suggesting a short of ICLN if it tests 20.03 with a downside target of 19.81. We should have a stop loss in place at 20.09 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, 20.03, 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 ICLN

• Buy ICLN slightly over 20.03, target 22.35, Stop Loss @ 19.98 Details

If 20.03 begins to break higher, the technical summary data tells us to buy ICLN just slightly over 20.03, with an upside target of 22.35. The data also tells us to set a stop loss @ 19.98 in case the stock turns against the trade. 20.03 is the first level of resistance above 19.85, and by rule, any break above resistance is a buy signal. In this case, 20.03, 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 ICLN slightly near 20.03, target 19.54, Stop Loss @ 20.08. Details

The technical summary data is suggesting a short of ICLN if it tests 20.03 with a downside target of 19.54. We should have a stop loss in place at 20.08 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, 20.03, 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.

ICLN Ratings for December 31:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	17.31
P2	19.54	19.44	19.81
P3	19.89	20.03	22.35

Chart of ICLN with Longer Term Pivots

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This report provides trading strategies for Ishares Global Clean Energy Et (NASDAQ: ICLN) while incorporating 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 ICLN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ICLN 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 ICLN too.  All of these are offered below the Summary Table.