How the (MGK) price action is used to our Advantage
June 01, 2024, 13:26 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MGK
- Buy MGK slightly over 289.58 target 302.35 stop loss @ 288.74 Details
The technical summary data tells us to buy MGK near 289.58 with an upside target of 302.35. This data also tells us to set a stop loss @ 288.74 to protect against excessive loss in case the stock begins to move against the trade. 289.58 is the first level of support below 292.55 , and by rule, any test of support is a buy signal. In this case, support 289.58 is being tested, a buy signal would exist.
- Short MGK slightly under 302.35, target 289.58, stop loss @ 303.22 Details
The technical summary data is suggesting a short of MGK as it gets near 302.35 with a downside target of 289.58. We should have a stop loss in place at 303.22though. 302.35 is the first level of resistance above 292.55, and by rule, any test of resistance is a short signal. In this case, if resistance 302.35 is being tested, a short signal would exist.
Swing Trading Plans for MGK
- Buy MGK slightly over 297.74, target 302.35, Stop Loss @ 296.88 Details
If 297.74 begins to break higher, the technical summary data tells us to buy MGK just slightly over 297.74, with an upside target of 302.35. The data also tells us to set a stop loss @ 296.88 in case the stock turns against the trade. 297.74 is the first level of resistance above 292.55, and by rule, any break above resistance is a buy signal. In this case, 297.74, 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 MGK slightly near 297.74, target 292.05, Stop Loss @ 298.6. Details
The technical summary data is suggesting a short of MGK if it tests 297.74 with a downside target of 292.05. We should have a stop loss in place at 298.6 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, 297.74, 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 MGK
- Buy MGK slightly over 293.37, target 297.74, Stop Loss @ 292.69 Details
If 293.37 begins to break higher, the technical summary data tells us to buy MGK just slightly over 293.37, with an upside target of 297.74. The data also tells us to set a stop loss @ 292.69 in case the stock turns against the trade. 293.37 is the first level of resistance above 292.55, and by rule, any break above resistance is a buy signal. In this case, 293.37, 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 MGK slightly near 293.37, target 292.05, Stop Loss @ 294.05. Details
The technical summary data is suggesting a short of MGK if it tests 293.37 with a downside target of 292.05. We should have a stop loss in place at 294.05 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, 293.37, 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 Vanguard Mega Cap Growth Etf (MGK) available here: MGK.
MGK Ratings for June 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
275.92 |
| P2 |
288.54 |
292.05 |
289.58 |
| P3 |
293.37 |
297.74 |
302.35 |
AI Generated Signals for MGK
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Vanguard Mega Cap Growth Etf (NYSE: MGK) data table below can help you with price action, and we have more details too. Trading plans for MGK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MGK:
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