Learn to Evaluate (VGT) using the Charts

February 17, 2024, 23:12 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VGT

• Buy VGT slightly over 490.62 target 516.52 stop loss @ 489.2 Details

The technical summary data tells us to buy VGT near 490.62 with an upside target of 516.52. This data also tells us to set a stop loss @ 489.2 to protect against excessive loss in case the stock begins to move against the trade. 490.62 is the first level of support below 509 , and by rule, any test of support is a buy signal. In this case, support 490.62 is being tested, a buy signal would exist.

• Short VGT slightly under 516.52, target 490.62, stop loss @ 518.01 Details

The technical summary data is suggesting a short of VGT as it gets near 516.52 with a downside target of 490.62. We should have a stop loss in place at 518.01though. 516.52 is the first level of resistance above 509, and by rule, any test of resistance is a short signal. In this case, if resistance 516.52 is being tested, a short signal would exist.

Swing Trading Plans for VGT

• Buy VGT slightly over 512.35, target 516.52, Stop Loss @ 510.87 Details

If 512.35 begins to break higher, the technical summary data tells us to buy VGT just slightly over 512.35, with an upside target of 516.52. The data also tells us to set a stop loss @ 510.87 in case the stock turns against the trade. 512.35 is the first level of resistance above 509, and by rule, any break above resistance is a buy signal. In this case, 512.35, 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 VGT slightly near 512.35, target 490.62, Stop Loss @ 513.83. Details

The technical summary data is suggesting a short of VGT if it tests 512.35 with a downside target of 490.62. We should have a stop loss in place at 513.83 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, 512.35, 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 VGT

• Buy VGT slightly over 512.35, target 513.45, Stop Loss @ 511.15 Details

If 512.35 begins to break higher, the technical summary data tells us to buy VGT just slightly over 512.35, with an upside target of 513.45. The data also tells us to set a stop loss @ 511.15 in case the stock turns against the trade. 512.35 is the first level of resistance above 509, and by rule, any break above resistance is a buy signal. In this case, 512.35, 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 VGT slightly near 512.35, target 504.93, Stop Loss @ 513.55. Details

The technical summary data is suggesting a short of VGT if it tests 512.35 with a downside target of 504.93. We should have a stop loss in place at 513.55 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, 512.35, 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 Information Technology Etf (VGT) available here: VGT.

VGT Ratings for February 17:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	464.2
P2	504.93	512.35	490.62
P3	513.45	523.73	516.52

AI Generated Signals for VGT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Vanguard Information Technology Etf (NYSE: VGT) report below can help you understand how to do this. The trading plans for VGT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.