Trading (ESPO) With Integrated Risk Controls
July 31, 2024, 09:52 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ESPO
- Buy ESPO slightly over 67.77 target 70.99 stop loss @ 67.57 Details
The technical summary data tells us to buy ESPO near 67.77 with an upside target of 70.99. This data also tells us to set a stop loss @ 67.57 to protect against excessive loss in case the stock begins to move against the trade. 67.77 is the first level of support below 68.34 , and by rule, any test of support is a buy signal. In this case, support 67.77 is being tested, a buy signal would exist.
- Short ESPO slightly under 70.99, target 67.77, stop loss @ 71.2 Details
The technical summary data is suggesting a short of ESPO as it gets near 70.99 with a downside target of 67.77. We should have a stop loss in place at 71.2though. 70.99 is the first level of resistance above 68.34, and by rule, any test of resistance is a short signal. In this case, if resistance 70.99 is being tested, a short signal would exist.
Swing Trading Plans for ESPO
- Buy ESPO slightly over 70.99, target n/a, Stop Loss @ 70.78 Details
If 70.99 begins to break higher, the technical summary data tells us to buy ESPO just slightly over 70.99, with an upside target of n/a. The data also tells us to set a stop loss @ 70.78 in case the stock turns against the trade. 70.99 is the first level of resistance above 68.34, and by rule, any break above resistance is a buy signal. In this case, 70.99, 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 ESPO slightly near 70.99, target 67.77, Stop Loss @ 71.2. Details
The technical summary data is suggesting a short of ESPO if it tests 70.99 with a downside target of 67.77. We should have a stop loss in place at 71.2 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, 70.99, 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 ESPO
- Buy ESPO slightly over 70.99, target n/a, Stop Loss @ 70.82 Details
If 70.99 begins to break higher, the technical summary data tells us to buy ESPO just slightly over 70.99, with an upside target of n/a. The data also tells us to set a stop loss @ 70.82 in case the stock turns against the trade. 70.99 is the first level of resistance above 68.34, and by rule, any break above resistance is a buy signal. In this case, 70.99, 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 ESPO slightly near 70.99, target 67.77, Stop Loss @ 71.16. Details
The technical summary data is suggesting a short of ESPO if it tests 70.99 with a downside target of 67.77. We should have a stop loss in place at 71.16 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, 70.99, 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 Vaneck Vectors Video Gaming And Esports Etf (ESPO) available here: ESPO.
ESPO Ratings for July 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
64.71 |
| P2 |
66.54 |
65.66 |
67.77 |
| P3 |
67.15 |
66.85 |
70.99 |
AI Generated Signals for ESPO
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Vaneck Vectors Video Gaming And Esports Etf (NASDAQ: ESPO) report below can help you, but we have more details too. The trading plans for ESPO, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for ESPO:
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