$HELO | ($HELO) Technical Pivots with Risk Controls (HELO)

By Jolene W.

$HELO | ($HELO) Technical Pivots with Risk Controls (HELO)

Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...

December 20, 2024, 01:20 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical summary data tells us to buy HELO near 61.58 with an upside target of 62.84. This data also tells us to set a stop loss @ 61.4 to protect against excessive loss in case the stock begins to move against the trade. 61.58 is the first level of support below 61.99 , and by rule, any test of support is a buy signal. In this case, support 61.58 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of HELO as it gets near 62.84 with a downside target of 61.58. We should have a stop loss in place at 63.02though. 62.84 is the first level of resistance above 61.99, and by rule, any test of resistance is a short signal. In this case, if resistance 62.84 is being tested, so a short signal would exist.

If 62.41 begins to break higher, the technical summary data tells us to buy HELO just slightly over 62.41, with an upside target of 62.84. The data also tells us to set a stop loss @ 62.23 in case the stock turns against the trade. 62.41 is the first level of resistance above 61.99, and by rule, any break above resistance is a buy signal. In this case, 62.41, 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 HELO if it tests 62.41 with a downside target of 61.58. We should have a stop loss in place at 62.59 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, 62.41, 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 62.02 begins to break higher, the technical summary data tells us to buy HELO just slightly over 62.02, with an upside target of 62.41. The data also tells us to set a stop loss @ 61.88 in case the stock turns against the trade. 62.02 is the first level of resistance above 61.99, and by rule, any break above resistance is a buy signal. In this case, 62.02, 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 HELO if it tests 62.02 with a downside target of 61.58. We should have a stop loss in place at 62.16 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, 62.02, 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.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

The technical pivots for Jpmorgan Hedged Equity Laddered Overlay Etf (NASDAQ: HELO) help you determine how to trade, when to buy, when to sell, and how to control risk.

Previous articleNext article

POPULAR CATEGORY

corporate

8447

tech

9265

entertainment

10489

research

4778

misc

11197

wellness

8429

athletics

10949