Spdr S&p Emerging Asia Pacific $GMF Technical Update – Stock Traders Daily

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Spdr S&p Emerging Asia Pacific $GMF Technical Update

The Spdr S&p Emerging Asia Pacific (NYSE: GMF) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GMF, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Neutral Neutral
P1 94.59 93.87 92.74
P2 96.08 97.78 97.83
P3 97.32 101.46 102.59

Long Term Trading Plans for GMF

September 16, 2018, 7:15 am ET

The Technical Summary and Trading Plans for GMF help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GMF Report.

GMF – (Long) Support Plan

Buy over 92.74 target 97.83 stop loss @ 92.48.
The technical summary data tells us to buy GMF near 92.74 with an upside target of 97.83. This data also tells us to set a stop loss @ 92.48 to protect against excessive loss in case the stock begins to move against the trade. 92.74 is the first level of support below 96.4229 , and by rule, any test of support is a buy signal. In this case, support 92.74 would be being tested, so a buy signal would exist.

GMF – (Short) Resistance Plan

Short under 97.83 target 92.74 stop loss @ 98.09.
The technical summary data is suggesting a short of GMF as it gets near 97.83 with a downside target of 92.74. We should have a stop loss in place at 98.09 though. 97.83 is the first level of resistance above 96.4229, and by rule, any test of resistance is a short signal. In this case, if resistance 97.83 is being tested, so a short signal would exist.

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