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June 29, 2024, 11:38 AM ET, BY Rolland S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for MARA

• Buy MARA just above 15.59, target 21.91, stop loss at 15.54 details

The technical summary data tells us to buy MARA at 15.59 with an upside target of 21.91. This data also tells us to set a stop loss at 15.54 to protect ourselves from excessive losses in case the stock starts moving against the trade. 15.59 is the first support level below 19.85 and according to the rule, any test of support is a buy signal. In this case, the support at 15.59 would be tested, so a buy signal would be present.

• Short MARA just below 21.91, target 15.59, stop loss at 21.97 details

The technical summary data suggests a short of MARA as it approaches 21.91, with a downside target of 15.59. However, we should place a stop loss at 21.97. 21.91 is the first resistance level above 19.85, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 21.91 resistance is tested.

Swing Trading Plans for MARA

• Buy MARA just above 20.32, target 21.91, stop loss at 20.26. details

If 20.32 starts to rise, the technical summary data tells us to buy MARA just above 20.32, with an upside target of 21.91. The data also tells us to set a stop loss at 20.26 in case the stock turns against the trade. 20.32 is the first resistance level above 19.85, and any break above resistance is usually a buy signal. In this case, 20.32, 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 MARA close to 20.32, target 18.71, stop loss at 20.38. details

The technical summary data suggests a short of MARA if 20.32 is tested with a downside target of 18.71. However, we should place a stop loss at 20.38 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 20.32 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 MARA

• Buy MARA just above 20.32, target 21.91, stop loss at 20.27. details

If 20.32 starts to rise, the technical summary data tells us to buy MARA just above 20.32, with an upside target of 21.91. The data also tells us to set a stop loss at 20.27 in case the stock turns against the trade. 20.32 is the first resistance level above 19.85, and any break above resistance is usually a buy signal. In this case, 20.32, 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 MARA just near 20.32, target 19.42, stop loss at 20.37. details

The technical summary data suggests a short of MARA if 20.32 is tested with a downside target of 19.42. However, we should place a stop loss at 20.37 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 20.32 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 Marathon Digital Holdings Inc. (MARA) available here: MARA.

MARA ratings for June 29:

AI-generated signals for MARA

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This report was created using an AI developed by Stock Traders Daily. Over the last 20 years, this proprietary AI has been refined to identify the most favorable trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The goal of this specific report is to optimize trading in Marathon Digital Holdings Inc. (NASDAQ: MARA) while incorporating prudent risk controls.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection against market downturns with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when MARA tests support, buy signals emerge and resistance is the target. Conversely, a test of resistance is a sign to control risk or go short, 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 differentiate trading plans for day trading, swing trading and long-term investment plans for MARA. All of these are offered below the summary table.