How we can use the price action (LFMDP) to our advantage

June 22, 2024, 11:38 PM ET, BY Jake B. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for LFMDP

• Buy LFMDP just above 21.87, target 23.53, stop loss at 21.81 details

The technical summary data tells us to buy LFMDP at 21.87 with an upside target of 23.53. This data also tells us to set a stop loss at 21.81 to protect ourselves from excessive losses in case the stock starts moving against the trade. 21.87 is the first support level below 22.96 and any test of support is usually a buy signal. In this case, the support at 21.87 is tested, a buy signal would be present.

• Short LFMDP just below 23.53, target 21.87, stop loss at 23.6 details

The technical summary data suggests a short of LFMDP as it approaches 23.53, with a downside target of 21.87. However, we should place a stop loss at 23.6. 23.53 is the first resistance level above 22.96, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 23.53 resistance is tested.

Swing Trading Plans for LFMDP

• Buy LFMDP just above 23.22, target 23.53, stop loss at 23.15. details

If 23.22 starts to rise, the technical summary data tells us to buy LFMDP just above 23.22, with an upside target of 23.53. The data also tells us to set a stop loss at 23.15 in case the stock turns against the trade. 23.22 is the first resistance level above 22.96, and any break above resistance is usually a buy signal. In this case, 23.22, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short LFMDP just near 23.22, target 22.82, stop loss at 23.29. details

The technical summary data suggests a short of LFMDP if it tests 23.22 with a downside target of 22.82. However, we should place a stop loss at 23.29 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 23.22 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for LFMDP

• Buy LFMDP just above 23.22, target 23.53, stop loss at 23.17. details

If 23.22 starts to rise, the technical summary data tells us to buy LFMDP just above 23.22, with an upside target of 23.53. The data also tells us to set a stop loss at 23.17 in case the stock turns against the trade. 23.22 is the first resistance level above 22.96, and any break above resistance is usually a buy signal. In this case, 23.22, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short LFMDP just near 23.22, target 22.96, stop loss at 23.27. details

The technical summary data suggests a short of LFMDP if it tests 23.22 with a downside target of 22.96. However, we should place a stop loss at 23.27 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 23.22 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Lifemd Inc. 8.875% Series A Cumulative Perpetual Preferred Stock (LFMDP) available here: LFMDP.

LFMDP ratings for June 22:

AI-generated signals for LFMDP

Real-time updates for institutional readers who read regularly:

Instructions:

• Click the “Get real-time updates” button below.

• At the login prompt, select “Forgot username?”

• Enter the email address you use for Factset

• Log in with the username/password you received.

• You have access to real-time updates 24/7.

From then on, you can get the real-time update at any time with a single click.

GET REAL-TIME UPDATES

Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Lifemd Inc. 8.875% Series A Cumulative Perpetual Preferred Stock The data table (NASDAQ:LFMDP) below can help you with the price trend and we also have more details. Trading plans for LFMDP are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.