The next move in a stock's price is often identifiable in advance. This Global X Social Media Index Et (NASDAQ: SOCL) report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for SOCL make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Strong |
P1 | 0 | 0 | 65.65 |
P2 | 71.03 | 70.75 | 69.83 |
P3 | 73.38 | 73.19 | 74.34 |
Long Term Trading Plans for SOCL
March 2, 2021, 9:45 am ET
The Technical Summary and Trading Plans for SOCL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SOCL Report.
SOCL - (Long) Support Plan
The technical summary data tells us to buy SOCL near 69.83 with an upside target of 74.34. This data also tells us to set a stop loss @ 69.63 to protect against excessive loss in case the stock begins to move against the trade. 69.83 is the first level of support below 74.13 , and by rule, any test of support is a buy signal. In this case, support 69.83 is being tested, a buy signal would exist.
SOCL - (Short) Resistance Plan
The technical summary data is suggesting a short of SOCL as it gets near 74.34 with a downside target of 69.83. We should have a stop loss in place at 74.55though. 74.34 is the first level of resistance above 74.13, and by rule, any test of resistance is a short signal. In this case, if resistance 74.34 is being tested, a short signal would exist.