Trading (FLEE) With Integrated Risk Controls
November 23, 2024, 00:26 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FLEE
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short FLEE slightly under 29.4, target n/a, stop loss @ 29.48 Details
The technical summary data is suggesting a short of FLEE as it gets near 29.4, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 29.48. 29.4 is the first level of resistance above 28.3104, and by rule, any test of resistance is a short signal. In this case, if resistance 29.4 is being tested, so a short signal would exist.
Swing Trading Plans for FLEE
- Buy FLEE slightly over 29.4, target 30.49, Stop Loss @ 29.32 Details
If 29.4 begins to break higher, the technical summary data tells us to buy FLEE just slightly over 29.4, with an upside target of 30.49. The data also tells us to set a stop loss @ 29.32 in case the stock turns against the trade. 29.4 is the first level of resistance above 28.3104, and by rule, any break above resistance is a buy signal. In this case, 29.4, 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 FLEE slightly near 29.4, target 28.13, Stop Loss @ 29.48. Details
The technical summary data is suggesting a short of FLEE if it tests 29.4 with a downside target of 28.13. We should have a stop loss in place at 29.48 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, 29.4, 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 FLEE
- Buy FLEE slightly over 29.4, target 30.49, Stop Loss @ 29.33 Details
If 29.4 begins to break higher, the technical summary data tells us to buy FLEE just slightly over 29.4, with an upside target of 30.49. The data also tells us to set a stop loss @ 29.33 in case the stock turns against the trade. 29.4 is the first level of resistance above 28.3104, and by rule, any break above resistance is a buy signal. In this case, 29.4, 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 FLEE slightly near 29.4, target 28.18, Stop Loss @ 29.47. Details
The technical summary data is suggesting a short of FLEE if it tests 29.4 with a downside target of 28.18. We should have a stop loss in place at 29.47 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, 29.4, 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 Franklin Ftse Europe Etf (FLEE) available here: FLEE.
FLEE Ratings for November 23:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Weak |
Strong |
P1 |
0 |
0 |
29.4 |
P2 |
28.18 |
27.69 |
30.49 |
P3 |
0 |
28.13 |
31.58 |
AI Generated Signals for FLEE
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FLEE: