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Lasque Tiarc

(FNGS) Investment Report

Vaseline 2 months ago

Longer term trading plans for FNGS

  • Buy FNGS just over 39.74, target 42.52 stop loss @ 39.63 Details
  • The technical summary data tells us to buy FNGS near 39.74 with an upside target of 42.52. This data also tells us to set a stop loss @39.63 to protect against excessive loss in case the stock starts moving against the trade. 39.74 is the first support level below 40.13, and as a rule any test of support is a buy signal. In this case, support 39.74 would be tested, so there would be a buy signal.

  • Short FNGS just below 42.52, target 39.74, stop loss @ 42.64 Details
  • The technical summary data indicates a shortfall in FNGS as it nears 42.52 with a downside target of 39.74. However, we should have a stop loss at 42.64. 42.52 is the first resistance level above 40.13, and as a rule any resistance test is a short signal. In this case, if resistance 42.52 is tested, a short signal would exist.

Swing trading plans for FNGS

  • Buy FNGS just above 41.08, target 42.54, Stop Loss @ 40.96 Details
  • If 41.08 starts to move higher, the technical summary data tells us to buy FNGS just above 41.08, with an upside target of 42.54. The data also tells us to set a stop loss @ 40.96 in case the stock turns against the trade. 41.08 is the first resistance level above 40.13, and as a rule, any break above resistance is a buy signal. In this case, 41.08, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short FNGS something near 41.08, target 39.74, Stop Loss @ 41.2. Details
  • The technical summary data suggests a shortfall on FNGS as it tests 41.08 with a downside target of 39.74. However, we should have a stop loss at 41.2 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, if resistance, 41.08, is tested, a short signal would occur. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Day trading plans for FNGS

  • Buy FNGS just above 40.4, target 41.11, Stop Loss @ 40.31 Details
  • If 40.4 starts to break higher, the technical summary data tells us to buy FNGS slightly above 40.4, with an upside target of 41.11. The data also tells us to set a stop loss at 40.31 in case the stock turns against the trade. 40.4 is the first resistance level above 40.13, and as a rule, any break above resistance is a buy signal. In this case, 40.4, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short FNGS something near 40.4, target 39.74, Stop Loss @ 40.49. Details
  • The technical summary data suggests a shortfall on FNGS as it tests 40.4 with a downside target of 39.74. However, we should have a stop loss at 40.49 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing resistance 40.4 would result in a short signal. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Real-time updates are available on our Microsectors Fang+ Etn (FNGS) Page here: FNGS.

FNGS ratings for April 21:







Term → Near Middle
Long
Judgement Weak Neutral Strong
P1 0 0 39.74
P2 40.4 41.08 42.52
P3 41.11 42.54 45.32
Support and resistance chart for FNGS

FNGS Long-term analysis for April 21, 2024

Blue = Current price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily. Over the past twenty years, this proprietary AI has been refined to help identify the most appropriate trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The purpose of this specific report is to optimize trading Microsectors Fang+ Etn (NASDAQ: FNGS) while building in prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but the support and resistance levels for FNGS change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and market crash protection using Evitar Corte.

Instructions:

The rules that apply to the data in this report are the rules of technical analysis. For example, if FNGS is testing support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign that risk is under control or a short position exists, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (to avoid trading in the middle of a trading channel), but also acts as a level of risk control.

Swing trades, day trades and longer term trading plans:

This data has been refined to differentiate Day Trading, Swing Trading and Long Term Investing plans for FNGS trading plans as well. These are all offered below the overview table.

Basic charts for FNGS: