(KPOP) Focusing on trading planning and risk management

January 26, 2024, 5:00 AM ET Written by Quentin W. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

KPOP long term trading plan

• Buy KPOP at 17.8 Stop Loss @16.24, just above the target price of 16.29 detail

According to the technical summary data, we need to buy KPOP at around 16.29 with an upside price target of 17.8. This data also shows that the stop loss should be set at 16.24 to prevent excessive losses if the stock starts to move against the trade. 16.29 is the first support level below 17.7886 and by rule, any test of support is a buy signal. In this case, a buy signal exists as support 16.29 is tested.

• Short KPOP under 17.8, target 16.29, stop loss @ 17.85 detail

Technical summary data suggests a short as KPOP approaches 17.8 with a downside target of 16.29. However, the stop loss should be set at 17.85. 17.8 is the first resistance level above 17.7886 and by rule, a test of resistance is a short signal. In this case, if resistance 17.8 is being tested, there will be a short signal.

KPOP swing trading plan

• Buy KPOP at just above 17.8, target at 19.34, stop loss at 17.75 detail

If it starts to break above 17.8, technical summary data suggests we should buy KPOP just above 17.8, with an upside target of 19.34. The data also tells us to set a stop loss at 17.75 in case the stock trades against us. 17.8 is the first resistance level above 17.7886, and as a general rule, above resistance is a buy signal. In this case, the initial resistance at 17.8 is breaking out, so there is a buy signal. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• Short KPOP just shy of 17.8, target 16.89, stop loss @17.85. detail

Technical summary data suggests a short if KPOP tests 17.8 with a downside target of 16.89. However, you should set a stop loss at 17.85 in case the stock starts to move against the trade. As a rule, all resistance tests are short signals. In this case, when testing resistor 17.8, a short signal is present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

KPOP day trading plan

• Buy KPOP at just above 18, Target 19.34, Stop Loss @17.96 detail

If 18 starts to move higher, technical summary data suggests we should buy KPOP just above 18, with an upside target of 19.34. The data also tells us to set a stop loss at 17.96 in case the stock trades against us. 18 is the first resistance level above 17.7886, and as a general rule, above resistance is a buy signal. In this case, there is a buy signal as the initial resistance at 18 is breaking out. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• Short KPOP just shy of 18, target 16.89, stop loss @18.04. detail

Technical summary data suggests a short if KPOP tests 18 with a downside target of 16.89. However, you should set a stop loss at 18.04 in case the stock starts moving against the trade. As a rule, all resistance tests are short signals. In this case, if resistor 18 is being tested, a short signal will be present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

Real-time updates are available at: KPOP and Korean Entertainment ETF (KPOP) page is here: KPOP.

KPOP Ratings for January 26th:

KPOP Support and Resistance Plot Chart

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this KPOP and Korean Entertainment ETF (NASDAQ: KPOP) Report produced by Stock Traders Daily. Over the past 20 years, our methodology has been refined to identify both individual stock and stock market strategies with careful risk management.

caveat:

This is a static report and the data below is valid at the time of publication, however the report should be updated regularly as KPOP’s support and resistance levels change over time. Real-time updates are provided to subscribers. Unlimited real-time reports.

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

Instructions:

The rules that govern the data in this report are technical analysis rules. For example, if KPOP is testing a support buy signal, resistance will be the target. Conversely, if resistance is being tested, it is a sign to control risk or short, and support will be a downside target accordingly. In either case, the trigger point is designed to be an ideal place to enter a position (avoiding trading in the middle of a trading channel) and also serves as a level of risk control. Masu.

Swing trading, day trading, and long-term trading plans:

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