Nov 04, 2021 (Stock Traders Daily via COMTEX) -- 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 Energy Select Sector Spdr (PSE:XLE) with integrated risk controls.
The trading plans were valid at the time this was published, but the support and resistance levels for XLE 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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Use the basic rules of Technical Analysis. Here are some examples: if XLE 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.
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for XLE too. All of these are offered here: Access our Real Time Trading Plans
Buy XLE over 56.06 target 61.86 stop loss @ 55.9
Short XLE under 61.86, target 56.06, stop loss @ 62.04
Buy XLE over 58.60, target 61.86, Stop Loss @ 58.43
Short XLE near 58.60, target 57.25, Stop Loss @ 58.77.
Buy XLE over 57.49, target 58.36, Stop Loss @ 57.36
Short XLE near 57.49, target 57.25, Stop Loss @ 57.62.
XLE Technical Summary | Raw Data for the Trading Plans
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