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June 22, 2024, 9:12 PM ET, BY Allen K. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for KORU

• Buy KORU just above 7.9, target 9.35, stop loss at 7.88 details

The technical summary data tells us to buy KORU at 7.9 with an upside target of 9.35. This data also tells us to set a stop loss at 7.88 to protect ourselves from excessive losses in case the stock starts moving against the trade. 7.9 is the first level of support below 8.08, and any test of support is usually a buy signal. In this case, the support at 7.9 is tested, a buy signal would be present.

• Short KORU just below 9.35, target 7.9, stop loss at 9.38 details

The technical summary data suggests a short of KORU as it approaches 9.35, with a downside target of 7.9. However, we should place a stop loss at 9.38. 9.35 is the first resistance level above 8.08, and any test of resistance is basically a short signal. In this case, a short signal would be present if the 9.35 resistance is tested.

Swing trading plans for KORU

• Buy KORU just above 8.42, target 9.35, stop loss at 8.4 details

If 8.42 starts to rise, the technical summary data tells us to buy KORU just above 8.42, with an upside target of 9.35. The data also tells us to set a stop loss at 8.4 in case the stock turns against the trade. 8.42 is the first resistance level above 8.08, and any break above resistance is usually a buy signal. In this case, 8.42, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short KORU close to 8.42, target 8.01, stop loss at 8.44. details

The technical summary data suggests a short of KORU if 8.42 is tested with a downside target of 8.01. However, we should place a stop loss at 8.44 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 8.42 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for KORU

• Buy KORU just above 8.17, target 8.43, stop loss at 8.15. details

If 8.17 starts to rise, the technical summary data tells us to buy KORU just above 8.17, with an upside target of 8.43. The data also tells us to set a stop loss at 8.15 in case the stock turns against the trade. 8.17 is the first resistance level above 8.08, and any break above resistance is usually a buy signal. In this case, 8.17, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short KORU close to 8.17, target 6.47, stop loss at 8.19. details

The technical summary data suggests a short of KORU if it tests 8.17 with a downside target of 6.47. However, we should place a stop loss at 8.19 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 8.17 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Direxion Daily South Korea Bull 3x Stocks (KORU) available here: CORRUPTION.

KORU ratings for June 22:

AI-generated signals for KORU

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Technically, Direxion Daily South Korea Bull 3x Stocks (NASDAQ: KORU) offers opportunities for traders who monitor the stock’s price fluctuations over time.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for KORU change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when KORU tests support, buy signals emerge and resistance is the target. Conversely, when resistance is tested, it is a sign to control risk or sell, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also distinguish trading plans for day trading, swing trading and long-term investment plans for KORU. All of these are offered below the summary table.