Learn to Evaluate (GCT) using the Charts
November 12, 2024, 14:32 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GCT
- Buy GCT near 19.87 target 28.28 stop loss @ 19.81 Details
The technical summary data tells us to buy GCT near 19.87 with an upside target of 28.28. This data also tells us to set a stop loss @ 19.81 to protect against excessive loss in case the stock begins to move against the trade. 19.87 is the first level of support below 24.11 , and by rule, any test of support is a buy signal. In this case, support 19.87 would be being tested, so a buy signal would exist.
- Short GCT slightly under 28.28, target 19.87, stop loss @ 28.36 Details
The technical summary data is suggesting a short of GCT as it gets near 28.28 with a downside target of 19.87. We should have a stop loss in place at 28.36though. 28.28 is the first level of resistance above 24.11, and by rule, any test of resistance is a short signal. In this case, if resistance 28.28 is being tested, so a short signal would exist.
Swing Trading Plans for GCT
- Buy GCT slightly over 26.49, target 28.28, Stop Loss @ 26.41 Details
If 26.49 begins to break higher, the technical summary data tells us to buy GCT just slightly over 26.49, with an upside target of 28.28. The data also tells us to set a stop loss @ 26.41 in case the stock turns against the trade. 26.49 is the first level of resistance above 24.11, and by rule, any break above resistance is a buy signal. In this case, 26.49, 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 GCT slightly near 26.49, target 22.91, Stop Loss @ 26.57. Details
The technical summary data is suggesting a short of GCT if it tests 26.49 with a downside target of 22.91. We should have a stop loss in place at 26.57 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, 26.49, 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 GCT
- Buy GCT slightly over 26.07, target 26.49, Stop Loss @ 26.01 Details
If 26.07 begins to break higher, the technical summary data tells us to buy GCT just slightly over 26.07, with an upside target of 26.49. The data also tells us to set a stop loss @ 26.01 in case the stock turns against the trade. 26.07 is the first level of resistance above 24.11, and by rule, any break above resistance is a buy signal. In this case, 26.07, 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 GCT slightly near 26.07, target 22.91, Stop Loss @ 26.13. Details
The technical summary data is suggesting a short of GCT if it tests 26.07 with a downside target of 22.91. We should have a stop loss in place at 26.13 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, 26.07, 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 Gigacloud Technology Inc (GCT) available here: GCT.
GCT Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
19.87 |
| P2 |
26.07 |
22.91 |
28.28 |
| P3 |
28.82 |
26.49 |
38.43 |
AI Generated Signals for GCT
Blue = Current Price
Red= Resistance
Green = Support
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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 Gigacloud Technology Inc (NYSE: GCT) report below can help you understand how to do this. The trading plans for GCT, 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.
Fundamental Charts for GCT:
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