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December 15, 2024, 06:46 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy IPAC near 62.21 with an upside target of 64.72. This data also tells us to set a stop loss @ 62.03 to protect against excessive loss in case the stock begins to move against the trade. 62.21 is the first level of support below 63.5567 , and by rule, any test of support is a buy signal. In this case, support 62.21 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of IPAC as it gets near 64.72 with a downside target of 62.21. We should have a stop loss in place at 64.91though. 64.72 is the first level of resistance above 63.5567, and by rule, any test of resistance is a short signal. In this case, if resistance 64.72 is being tested, so a short signal would exist.
If 63.8 begins to break higher, the technical summary data tells us to buy IPAC just slightly over 63.8, with an upside target of 64.72. The data also tells us to set a stop loss @ 63.62 in case the stock turns against the trade. 63.8 is the first level of resistance above 63.5567, and by rule, any break above resistance is a buy signal. In this case, 63.8, 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.
The technical summary data is suggesting a short of IPAC if it tests 63.8 with a downside target of 62.21. We should have a stop loss in place at 63.98 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, 63.8, 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.
If 63.95 begins to break higher, the technical summary data tells us to buy IPAC just slightly over 63.95, with an upside target of 64.72. The data also tells us to set a stop loss @ 63.8 in case the stock turns against the trade. 63.95 is the first level of resistance above 63.5567, and by rule, any break above resistance is a buy signal. In this case, 63.95, 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.
The technical summary data is suggesting a short of IPAC if it tests 63.95 with a downside target of 63.36. We should have a stop loss in place at 64.1 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, 63.95, 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.
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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 Ishares Core Msci Pacific Etf (NASDAQ: IPAC) report below can help you, but we have more details too. The trading plans for IPAC, 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.