When (MMLG) Moves Investors should Listen
May 02, 2024, 22:10 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MMLG
- Buy MMLG slightly over 25 target 26.66 stop loss @ 24.93 Details
The technical summary data tells us to buy MMLG near 25 with an upside target of 26.66. This data also tells us to set a stop loss @ 24.93 to protect against excessive loss in case the stock begins to move against the trade. 25 is the first level of support below 26.054 , and by rule, any test of support is a buy signal. In this case, support 25 would be being tested, so a buy signal would exist.
- Short MMLG slightly under 26.66, target 25, stop loss @ 26.74 Details
The technical summary data is suggesting a short of MMLG as it gets near 26.66 with a downside target of 25. We should have a stop loss in place at 26.74though. 26.66 is the first level of resistance above 26.054, and by rule, any test of resistance is a short signal. In this case, if resistance 26.66 is being tested, so a short signal would exist.
Swing Trading Plans for MMLG
- Buy MMLG slightly over 26.36, target 26.66, Stop Loss @ 26.28 Details
If 26.36 begins to break higher, the technical summary data tells us to buy MMLG just slightly over 26.36, with an upside target of 26.66. The data also tells us to set a stop loss @ 26.28 in case the stock turns against the trade. 26.36 is the first level of resistance above 26.054, and by rule, any break above resistance is a buy signal. In this case, 26.36, 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 MMLG slightly near 26.36, target 25.75, Stop Loss @ 26.44. Details
The technical summary data is suggesting a short of MMLG if it tests 26.36 with a downside target of 25.75. We should have a stop loss in place at 26.44 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, 26.36, 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 MMLG
- Buy MMLG slightly over 26.36, target 26.66, Stop Loss @ 26.3 Details
If 26.36 begins to break higher, the technical summary data tells us to buy MMLG just slightly over 26.36, with an upside target of 26.66. The data also tells us to set a stop loss @ 26.3 in case the stock turns against the trade. 26.36 is the first level of resistance above 26.054, and by rule, any break above resistance is a buy signal. In this case, 26.36, 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 MMLG slightly near 26.36, target 25.94, Stop Loss @ 26.42. Details
The technical summary data is suggesting a short of MMLG if it tests 26.36 with a downside target of 25.94. We should have a stop loss in place at 26.42 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, 26.36, 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 Multi-manager Large Growth Etf (MMLG) available here: MMLG.
MMLG Ratings for May 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
25 |
| P2 |
25.61 |
25.75 |
26.66 |
| P3 |
25.94 |
26.36 |
28.31 |
AI Generated Signals for MMLG
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The First Trust Multi-manager Large Growth Etf (NASDAQ: MMLG) report below is a real world example. Included are trading plans for MMLG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MMLG:
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