February 12, 2023, 04:45 am ET, BY THOMAS KEE - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VGT
- Buy VGT slightly over 346.75 target n/a stop loss @ 345.75. Details
The technical summary data tells us to buy VGT near 346.75, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 345.75 to protect against excessive loss in case the stock begins to move against the trade. 346.75 is the first level of support below 361.08, and by rule, any test of support is a buy signal. In this case, if support 346.75 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for VGT
- Buy VGT slightly over 365.27, target 376.75, Stop Loss @ 364.22 Details
If 365.27 begins to break higher, the technical summary data tells us to buy VGT just slightly over 365.27, with an upside target of 376.75. The data also tells us to set a stop loss @ 364.22 in case the stock turns against the trade. 365.27 is the first level of resistance above 361.08, and by rule, any break above resistance is a buy signal. In this case, 365.27, 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 365.27, target 346.75, Stop Loss @ 366.32. Details
The technical summary data is suggesting a short of VGT if it tests 365.27 with a downside target of 346.75. We should have a stop loss in place at 366.32 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, 365.27, 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 363.18, target 365.27, Stop Loss @ 362.33 Details
If 363.18 begins to break higher, the technical summary data tells us to buy VGT just slightly over 363.18, with an upside target of 365.27. The data also tells us to set a stop loss @ 362.33 in case the stock turns against the trade. 363.18 is the first level of resistance above 361.08, and by rule, any break above resistance is a buy signal. In this case, 363.18, 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 363.18, target 346.75, Stop Loss @ 364.03. Details
The technical summary data is suggesting a short of VGT if it tests 363.18 with a downside target of 346.75. We should have a stop loss in place at 364.03 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, 363.18, 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 Technolog (VGT) available here: VGT.
VGT Ratings for February 12:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Weak |
P1 |
0 |
0 |
288.94 |
P2 |
363.18 |
365.27 |
318.54 |
P3 |
369.74 |
376.75 |
346.75 |
AI Generated Signals for VGT
Blue = Current Price
Red = Resistance
Green = Support
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