When (MGC) Moves Investors should Listen

September 05, 2024, 08:24 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGC

• Buy MGC slightly over 196.19 target 203.69 stop loss @ 195.62 Details

The technical summary data tells us to buy MGC near 196.19 with an upside target of 203.69. This data also tells us to set a stop loss @ 195.62 to protect against excessive loss in case the stock begins to move against the trade. 196.19 is the first level of support below 198.2 , and by rule, any test of support is a buy signal. In this case, support 196.19 would be being tested, so a buy signal would exist.

• Short MGC slightly under 203.69, target 196.19, stop loss @ 204.28 Details

The technical summary data is suggesting a short of MGC as it gets near 203.69 with a downside target of 196.19. We should have a stop loss in place at 204.28though. 203.69 is the first level of resistance above 198.2, and by rule, any test of resistance is a short signal. In this case, if resistance 203.69 is being tested, so a short signal would exist.

Swing Trading Plans for MGC

• Buy MGC slightly over 199.05, target 201.62, Stop Loss @ 198.48 Details

If 199.05 begins to break higher, the technical summary data tells us to buy MGC just slightly over 199.05, with an upside target of 201.62. The data also tells us to set a stop loss @ 198.48 in case the stock turns against the trade. 199.05 is the first level of resistance above 198.2, and by rule, any break above resistance is a buy signal. In this case, 199.05, 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 MGC slightly near 199.05, target 196.19, Stop Loss @ 199.62. Details

The technical summary data is suggesting a short of MGC if it tests 199.05 with a downside target of 196.19. We should have a stop loss in place at 199.62 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, 199.05, 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 MGC

• Buy MGC slightly over 199.05, target 199.81, Stop Loss @ 198.59 Details

If 199.05 begins to break higher, the technical summary data tells us to buy MGC just slightly over 199.05, with an upside target of 199.81. The data also tells us to set a stop loss @ 198.59 in case the stock turns against the trade. 199.05 is the first level of resistance above 198.2, and by rule, any break above resistance is a buy signal. In this case, 199.05, 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 MGC slightly near 199.05, target 197.74, Stop Loss @ 199.51. Details

The technical summary data is suggesting a short of MGC if it tests 199.05 with a downside target of 197.74. We should have a stop loss in place at 199.51 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, 199.05, 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 Mega Cap 300 Index Etf (MGC) available here: MGC.

MGC Ratings for September 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	196.19
P2	197.74	199.05	203.69
P3	199.81	201.62	210.27

AI Generated Signals for MGC

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