The technical summary data tells us to buy VCLN near 17.26 with an upside target of 18.93. This data also tells us to set a stop loss @ 17.21 to protect against excessive loss in case the stock begins to move against the trade. 17.26 is the first level of support below 17.7507 , and by rule, any test of support is a buy signal. In this case, support 17.26 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of VCLN as it gets near 18.93 with a downside target of 17.26. We should have a stop loss in place at 18.98though. 18.93 is the first level of resistance above 17.7507, and by rule, any test of resistance is a short signal. In this case, if resistance 18.93 is being tested, a short signal would exist.
If 18.93 begins to break higher, the technical summary data tells us to buy VCLN just slightly over 18.93, with an upside target of n/a. The data also tells us to set a stop loss @ 18.88 in case the stock turns against the trade. 18.93 is the first level of resistance above 17.7507, and by rule, any break above resistance is a buy signal. In this case, 18.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of VCLN if it tests 18.93 with a downside target of 17.64. We should have a stop loss in place at 18.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 18.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
If 18.93 begins to break higher, the technical summary data tells us to buy VCLN just slightly over 18.93, with an upside target of n/a. The data also tells us to set a stop loss @ 18.89 in case the stock turns against the trade. 18.93 is the first level of resistance above 17.7507, and by rule, any break above resistance is a buy signal. In this case, 18.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of VCLN if it tests 18.93 with a downside target of 17.64. We should have a stop loss in place at 18.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 18.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
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Trading or Investing in Virtus Duff & Phelps Clean Energy Etf (NASDAQ: VCLN) involves an observation of the technicals, every time. This data reveals the current technicals.