Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
November 23, 2024, 06:58 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy GDS near 14.75 with an upside target of 19.03. This data also tells us to set a stop loss @ 14.71 to protect against excessive loss in case the stock begins to move against the trade. 14.75 is the first level of support below 18.31 , and by rule, any test of support is a buy signal. In this case, support 14.75 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of GDS as it gets near 19.03 with a downside target of 14.75. We should have a stop loss in place at 19.08though. 19.03 is the first level of resistance above 18.31, and by rule, any test of resistance is a short signal. In this case, if resistance 19.03 is being tested, so a short signal would exist.
If 19.03 begins to break higher, the technical summary data tells us to buy GDS just slightly over 19.03, with an upside target of 21.04. The data also tells us to set a stop loss @ 18.98 in case the stock turns against the trade. 19.03 is the first level of resistance above 18.31, and by rule, any break above resistance is a buy signal. In this case, 19.03, 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 GDS if it tests 19.03 with a downside target of 18.31. We should have a stop loss in place at 19.08 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, 19.03, 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 18.59 begins to break higher, the technical summary data tells us to buy GDS just slightly over 18.59, with an upside target of 19.03. The data also tells us to set a stop loss @ 18.55 in case the stock turns against the trade. 18.59 is the first level of resistance above 18.31, and by rule, any break above resistance is a buy signal. In this case, 18.59, 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 GDS if it tests 18.59 with a downside target of 18.31. We should have a stop loss in place at 18.63 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, 18.59, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Gds Holdings Limited (GDS) available here: GDS.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Trading Gds Holdings Limited (NYSE: GDS) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.