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

July 6, 2024, 3:28 PM ET, BY Momei – Contributor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for GGT

• Buy GGT just above 4.79, target 5.31, stop loss at 4.78 details

The technical summary data tells us to buy GGT at 4.79 with an upside target of 5.31. This data also tells us to set a stop loss at 4.78 to protect ourselves from excessive losses in case the stock starts to move against the trade. 4.79 is the first level of support below 5.2, and any test of support is usually a buy signal. In this case, support at 4.79 would be tested, so a buy signal would be present.

• Short GGT just below 5.31, target 4.79, stop loss at 5.33 details

The technical summary data suggests a short of GGT as it approaches 5.31, with a downside target of 4.79. However, we should place a stop loss at 5.33. 5.31 is the first resistance level above 5.2, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 5.31 resistance is tested.

Swing Trading Plans for GGT

• Buy GGT just above 5.4, target nz, stop loss at 5.38 details

If 5.4 starts to move higher, the technical summary data tells us to buy GGT just above 5.4, with an upside target of $n/a. The data also tells us to set a stop loss at 5.38 in case the stock turns against the trade. 5.4 is the first resistance level above 5.2, and any break above resistance is usually a buy signal. In this case, 5.4, the initial resistance, would move higher, 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 GGT close to 5.4, target 4.79, stop loss at 5.42. details

The technical summary data suggests a short of GGT if it tests 5.4 with a downside target of 4.79. However, we should place a stop loss at 5.42 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 5.4 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 GGT

• Buy GGT just above 5.4, target 5.76, stop loss at 5.39 details

If 5.4 starts to move higher, the technical summary data tells us to buy GGT just above 5.4, with an upside target of 5.76. The data also tells us to set a stop loss at 5.39 in case the stock turns against the trade. 5.4 is the first resistance level above 5.2, and any break above resistance is usually a buy signal. In this case, 5.4, the initial resistance, would move higher, 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 GGT close to 5.4, target 4.79, stop loss at 5.41. details

The technical summary data suggests a short of GGT if it tests 5.4 with a downside target of 4.79. However, we should place a stop loss at 5.41 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 5.4 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 Gabelli Multi-media Trust Inc. (the) (GGT) available here: GGT.

GGT Ratings for July 06:

AI-generated signals for GGT

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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 Gabelli Multi-media Trust Inc. (the) The data table (NYSE:GGT) below can help you with the price trend and we also have more details. Trading plans for GGT 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 any other stock, you can get unlimited real-time reports here.