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June 30, 2024, 4:02 AM ET, BY Chris – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for BLOK

• Buy BLOK just above 35.35, target 39.64, stop loss at 35.25 details

The technical summary data tells us to buy BLOK at 35.35 with an upside target of 39.64. This data also tells us to set a stop loss at 35.25 to protect ourselves from excessive losses in case the stock starts moving against the trade. 35.35 is the first support level below 35.47 and any test of support is usually a buy signal. In this case, the support at 35.35 is tested, a buy signal would be present.

• Short BLOK just below 39.64, target 35.35, stop loss at 39.75 details

The technical summary data suggests a short of BLOK as it approaches 39.64, with a downside target of 35.35. However, we should place a stop loss at 39.75. 39.64 is the first resistance level above 35.47, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 39.64 resistance is tested.

Swing trading plans for BLOK

• Buy BLOK just above 35.88, target 39.64, stop loss at 35.78. details

If 35.88 starts to rise, the technical summary data tells us to buy BLOK just above 35.88, with an upside target of 39.64. The data also tells us to set a stop loss at 35.78 in case the stock turns against the trade. 35.88 is the first resistance level above 35.47, and any break above resistance is usually a buy signal. In this case, 35.88, the initial resistance, would move up, 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 BLOK close to 35.88, target 35.35, stop loss at 35.98. details

The technical summary data suggests a short of BLOK if 35.88 is tested with a downside target of 35.35. However, we should place a stop loss at 35.98 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 35.88 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 BLOK

• Buy BLOK just above 35.6, target 35.88, stop loss at 35.52. details

If 35.6 starts to rise, the technical summary data tells us to buy BLOK just above 35.6, with an upside target of 35.88. The data also tells us to set a stop loss at 35.52 in case the stock turns against the trade. 35.6 is the first resistance level above 35.47, and any break above resistance is usually a buy signal. In this case, 35.6, 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 BLOK just near 35.6, target 35.35, stop loss at 35.68. details

The technical summary data suggests a short of BLOK if it tests 35.6, with a downside target of 35.35. However, we should set a stop loss at 35.68 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 35.6 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 Amplify Transformational Data Sharing ETF – Amplify share price (BLOK) available here: BLOCK.

BLOK ratings for June 30:

AI-generated signals for BLOK

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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 Amplify Transformational Data Sharing ETF – Amplify share price (NASDAQ: BLOK) 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 BLOK 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 BLOK 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 BLOK. All of these are offered below the summary table.