April 19, 2025, 11:36 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UAE
- Buy UAE near 16.51 target 17.27 stop loss @ 16.46 Details
The technical summary data tells us to buy UAE near 16.51 with an upside target of 17.27. This data also tells us to set a stop loss @ 16.46 to protect against excessive loss in case the stock begins to move against the trade. 16.51 is the first level of support below 16.76 , and by rule, any test of support is a buy signal. In this case, support 16.51 would be being tested, so a buy signal would exist.
- Short UAE slightly under 17.27, target 16.51, stop loss @ 17.32 Details
The technical…