Whether a #stock moves fast or slow, one thing is always true. The forces of #supplyanddemand determine the #price of Global X Social Media Index Et (NASDAQ: SOCL) and every other stock on the market. The price someone is willing to pay for SOCL directly impacts its price, but that is offset by what others are willing to sell it for too. The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage. This is what we have done in the example below. Our 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 .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Weak | Strong |
P1 | 0 | 0 | 68.78 |
P2 | 67.07 | 66.27 | 74.07 |
P3 | 68.10 | 67.88 | 79.90 |
Longer Term Trading Plans for SOCL
May 28, 2021, 7:45 pm ET
SOCL - (Long) Support Plan
NONE.
SOCL - (Short) Resistance Plan
Short under 68.78, target n/a, stop loss @ 68.98