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September 15, 2024, 04:40 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical summary data tells us to buy MSFL near 24.71 with an upside target of 27.87. This data also tells us to set a stop loss @ 24.64 to protect against excessive loss in case the stock begins to move against the trade. 24.71 is the first level of support below 25.1 , and by rule, any test of support is a buy signal. In this case, support 24.71 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of MSFL as it gets near 27.87 with a downside target of 24.71. We should have a stop loss in place at 27.95though. 27.87 is the first level of resistance above 25.1, and by rule, any test of resistance is a short signal. In this case, if resistance 27.87 is being tested, a short signal would exist.

If 27.87 begins to break higher, the technical summary data tells us to buy MSFL just slightly over 27.87, with an upside target of n/a. The data also tells us to set a stop loss @ 27.79 in case the stock turns against the trade. 27.87 is the first level of resistance above 25.1, and by rule, any break above resistance is a buy signal. In this case, 27.87, 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 MSFL if it tests 27.87 with a downside target of 24.71. We should have a stop loss in place at 27.95 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, 27.87, 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 25.53 begins to break higher, the technical summary data tells us to buy MSFL just slightly over 25.53, with an upside target of 27.87. The data also tells us to set a stop loss @ 25.47 in case the stock turns against the trade. 25.53 is the first level of resistance above 25.1, and by rule, any break above resistance is a buy signal. In this case, 25.53, 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 MSFL if it tests 25.53 with a downside target of 25. We should have a stop loss in place at 25.59 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, 25.53, 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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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Graniteshares 2x Long Msft Daily Etf (NASDAQ: MSFL) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MSFL can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.