(EBIZ) Technical keys with risk control

May 30, 2024 11:56 AM ET BY Rick O. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term commercial plans for EBIZ

• Buy EBIZ just above 23.51 target 25.16 stop loss @ 23.44 Details

The technical summary tells us to buy EBIZ near 23.51 with an upside target of 25.16. This data also tells us to place a stop loss at 23.44 to protect against excessive loss in case the stock price starts moving in the opposite direction of the trade. 23.51 is the first support level below 23.6505 and, as a rule, any test of support is a buy signal. In this case, the 23.51 support is being tested, there would be a buy signal.

• Short EBIZ just below 25.16, target 23.51, stop loss @ 25.23 Details

The technical summary of the data suggests that EBIZ is close to 25.16, with a downside target of 23.51. However, we should have a stop loss at 25.23. 25.16 is the first resistance level above 23.6505 and usually any test of resistance is a short signal. In this case, if the resistance of 25.16 is tested, there would be a short signal.

Swing trading plans for EBIZ

• Buy EBIZ just above 24.15, target 25.16, Stop Loss @ 24.08 Details

If 24.15 starts to break higher, the technical data summary has us buying EBIZ just above 24.15, with an upside target of 25.16. The data also tells us to set a stop loss at 24.08 in case the stock turns against the trade. 24.15 is the first resistance level above 23.6505 and generally any break above the resistance is a buy signal. In this case, the initial resistance at 24.15 would break above, so there would be a buy signal. Because this plan is based on breaking resistance, it is called the Long Resistance Plan.

• Short EBIZ slightly near 24.15, target 23.52, Stop Loss at 24.22. Details

The technical summary of the data suggests that EBIZ will outperform if it tests 24.15 with a downside target of 23.52. However, we should set a stop loss at 24.22 in case the stock starts moving in the opposite direction of the trade. Typically, each resistance test is a short signal. In this case, if the resistance of 24.15 is tested, there would be a short signal. Since this plan is a short resistance test based plan, it is called a short resistance plan.

Day Trading Plans for EBIZ

• Buy EBIZ just above 24.15, target 25.16, Stop Loss @ 24.09 Details

If 24.15 starts to break higher, the technical data summary has us buying EBIZ just above 24.15, with an upside target of 25.16. The data also tells us to set a stop loss at 24.09 in case the stock turns against the trade. 24.15 is the first resistance level above 23.6505 and generally any break above the resistance is a buy signal. In this case, the initial resistance at 24.15 would break above, so there would be a buy signal. Because this plan is based on breaking resistance, it is called the Long Resistance Plan.

• Short EBIZ slightly near 24.15, target 23.56, Stop Loss at 24.21. Details

The technical summary of the data suggests that EBIZ will outperform if it tests the 24.15 level with a downside target of 23.56. However, we should set a stop loss at 24.21 in case the stock starts moving in the opposite direction of the trade. Typically, each resistance test is a short signal. In this case, if the resistance of 24.15 is tested, there would be a short signal. Since this plan is a short resistance test based plan, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Global X E-commerce Etf (EBIZ) available here: EBIZ.

EBIZ ratings as of May 30:

Deadline →	Near	Middle	Long
Rating	Weak	Neutral	Strong
P1	0	0	21.85
P2	23/26	23.52	23.51
P3	23.56	24/15	25/16

Signals generated by artificial intelligence for EBIZ

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Technical pivot points for Global X E-commerce Etf (NASDAQ: EBIZ) help you determine how to trade, when to buy, when to sell and how to control risk.

Warning:

This is a static report, the data below was accurate at the time of publication, however support and resistance levels for EBIZ change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The principles governing the data in this report are the principles of Technical Analysis. For example, if EBIZ is testing the surface of support buy signals and the target is resistance. Conversely, if resistance is being tested, it is a sign of risk control or a short position, and support will be a downside target accordingly. In each case, the trigger point is intended to be both an ideal place to open a position (avoid trading in the middle of the trading channel) and also act as a risk control level.

Swing trades, day trades and long term trading plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investing plans also for EBIZ. All this is presented below the summary table.