2024-01-19 05:20:00 ET
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Globalfoundries Inc. (NYSE: GFS) with integrated risk controls.
Warning:
The trading plans were valid at the time this was published, but the support and resistance levels for GFS change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Instructions:
Use the basic rules of Technical Analysis. Here are some examples: if GFS is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for GFS too. All of these are offered here: Access our Real Time Trading Plans
Longer Term Trading Plans for GFS
- Buy GFS slightly over 54.67 target 59.87 stop loss @ 54.51
- Short GFS slightly under 59.87, target 54.67, stop loss @ 60.04
Swing Trading Plans for GFS
- Buy GFS slightly over 56.87, target 59.87, Stop Loss @ 56.71
- Short GFS slightly near 56.87, target 54.67, Stop Loss @ 57.03.
Day Trading Plans for GFS
- Buy GFS slightly over 56.87, target 59.87, Stop Loss @ 56.74
- Short GFS slightly near 56.87, target 56.03, Stop Loss @ 57.
GFS Technical Summary | Raw Data for the Trading Plans
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | Weak | Weak | Weak |
| P1 | 0 | 0 | 49.49 |
| P2 | 53.98 | 54.23 | 54.67 |
| P3 | 56.03 | 56.87 | 59.87 |
Disclaimer
This article is for the purposes of solicitation subscriptions for this website. This website expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. This website or it’s authors do not own any shares of GlobalFoundries Inc. (GFS) and does not buy, sell, or trade any shares of (GFS). This article does not provide a professional analysis of a (GFS) financial position. (GFS) financial position and all other information regarding the featured Company should be verified directly with (GFS). Please read our full disclaimer for more detailed information.
