Futures and Commodity Market News

Apr 21, 2024 (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 Genie Energy Ltd. Class B Stock (NYSE: GNE) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for GNE 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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Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if GNE 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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for GNE too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for GNE

• NONE.
• Short GNE slightly under 16.43, target n/a, stop loss @ 16.48

Swing Trading Plans for GNE

• Buy GNE slightly over 16.43, target 21.15, Stop Loss @ 16.38
• Short GNE slightly near 16.43, target 15.64, Stop Loss @ 16.48.

Day Trading Plans for GNE

• Buy GNE slightly over 16.43, target 21.15, Stop Loss @ 16.39
• Short GNE slightly near 16.43, target 15.81, Stop Loss @ 16.47.

GNE Technical Summary | Raw Data for the Trading Plans

Term →	Near	Mid	Long
Bias	Strong	Neutral	Strong
P1	0	0	16.43
P2	15.54	15.12	21.15
P3	15.81	15.64	26.57

COMTEX_451205435/2570/2024-04-21T22:32:44