How we use the (GAA) price action to our advantage

July 15, 2024, 11:58 PM ET, BY Thomas H. Kee Jr. – Editor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for GAA

• Buy GAA just above 28.98 Target 29.84 Stop Loss @ 28.9 details

The technical summary data tells us to buy GAA at 28.98 with an upside target of 29.84. This data also tells us to set a stop loss at 28.9 to protect ourselves from excessive losses in case the stock starts moving against the trade. 28.98 is the first support level below 29.11 and any test of support is usually a buy signal. In this case, the support at 28.98 is tested, a buy signal would be present.

• Short GAA just below 29.84, target 28.98, stop loss at 29.93 details

The technical summary data suggests a short of GAA as it approaches 29.84, with a downside target of 28.98. However, we should place a stop loss at 29.93. 29.84 is the first resistance level above 29.11, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 29.84 resistance is tested.

Swing Trading Plans for GAA

• Buy GAA just above 29.15, target 29.84, stop loss at 29.07 details

If 29.15 starts to rise, the technical summary data tells us to buy GAA just above 29.15, with an upside target of 29.84. The data also tells us to set a stop loss at 29.07 in case the stock turns against the trade. 29.15 is the first resistance level above 29.11, and any break above resistance is usually a buy signal. In this case, 29.15, 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 GAA close to 29.15, target 28.72, stop loss at 29.23. details

The technical summary data suggests a short of GAA if it tests 29.15 with a downside target of 28.72. However, we should place a stop loss at 29.23 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 29.15 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 GAA

• Buy GAA just above 29.32, target 29.84, stop loss at 29.25 details

If 29.32 starts to rise, the technical summary data tells us to buy GAA just above 29.32, with an upside target of 29.84. The data also tells us to set a stop loss at 29.25 in case the stock turns against the trade. 29.32 is the first resistance level above 29.11, and any break above resistance is usually a buy signal. In this case, 29.32, 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 GAA close to 29.32, target 28.72, stop loss at 29.39. details

The technical summary data suggests a short of GAA if it tests 29.32 with a downside target of 28.72. However, we should place a stop loss at 29.39 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 29.32 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 Cambria Global Asset Allocation ETF (GAA) available here: : GAA.

GAA Ratings for July 15:

AI-generated signals for GAA

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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 Cambria Global Asset Allocation ETF The data table (NYSE:GAA) below can help you with the price trend and we also have more details. Trading plans for GAA 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.