Learn to Evaluate (FNGU) using the Charts

November 12, 2024, 09:56 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FNGU

• Buy FNGU near 467.39 target 549.93 stop loss @ 466.04 Details

The technical summary data tells us to buy FNGU near 467.39 with an upside target of 549.93. This data also tells us to set a stop loss @ 466.04 to protect against excessive loss in case the stock begins to move against the trade. 467.39 is the first level of support below 521.375 , and by rule, any test of support is a buy signal. In this case, support 467.39 is being tested, a buy signal would exist.

• Short FNGU slightly under 549.93, target 467.39, stop loss @ 551.52 Details

The technical summary data is suggesting a short of FNGU as it gets near 549.93 with a downside target of 467.39. We should have a stop loss in place at 551.52though. 549.93 is the first level of resistance above 521.375, and by rule, any test of resistance is a short signal. In this case, if resistance 549.93 is being tested, a short signal would exist.

Swing Trading Plans for FNGU

• Buy FNGU slightly over 526, target 549.93, Stop Loss @ 524.48 Details

If 526 begins to break higher, the technical summary data tells us to buy FNGU just slightly over 526, with an upside target of 549.93. The data also tells us to set a stop loss @ 524.48 in case the stock turns against the trade. 526 is the first level of resistance above 521.375, and by rule, any break above resistance is a buy signal. In this case, 526, 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 FNGU slightly near 526, target 475.55, Stop Loss @ 527.52. Details

The technical summary data is suggesting a short of FNGU if it tests 526 with a downside target of 475.55. We should have a stop loss in place at 527.52 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, 526, 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 FNGU

• Buy FNGU slightly over 526, target 545.29, Stop Loss @ 524.77 Details

If 526 begins to break higher, the technical summary data tells us to buy FNGU just slightly over 526, with an upside target of 545.29. The data also tells us to set a stop loss @ 524.77 in case the stock turns against the trade. 526 is the first level of resistance above 521.375, and by rule, any break above resistance is a buy signal. In this case, 526, 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 FNGU slightly near 526, target 516.3, Stop Loss @ 527.23. Details

The technical summary data is suggesting a short of FNGU if it tests 526 with a downside target of 516.3. We should have a stop loss in place at 527.23 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, 526, 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  Microsectors Fang+ Index 3x Leveraged Etn (FNGU) available here: FNGU.

FNGU Ratings for November 12:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	390.35
P2	516.3	475.55	467.39
P3	545.29	526	549.93

AI Generated Signals for FNGU

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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  Microsectors Fang+ Index 3x Leveraged Etn (NASDAQ: FNGU) report below can help you understand how to do this. The trading plans for FNGU, 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.