Comprehensive non-correlated Central Garden & Pet $CENTA Trading Report
Source: Stock Traders Daily
Long Term Trading Plans for CENTA
October 21, 2020, 1:00 am ET
The Technical Summary and Trading Plans for CENTA help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CENTA Report.
CENTA - (Long) Support Plan
The technical summary data tells us to buy CENTA near 36.34 with an upside target of 39.65. This data also tells us to set a stop loss @ 36.24 to protect against excessive loss in case the stock begins to move against the trade. 36.34 is the first level of support below 37.41 , and by rule, any test of support is a buy signal. In this case, support 36.34 is being tested, a buy signal would exist.
CENTA - (Short) Resistance Plan
The technical summary data is suggesting a short of CENTA as it gets near 39.65 with a downside target of 36.34. We should have a stop loss in place at 39.76 though. 39.65 is the first level of resistance above 37.41, and by rule, any test of resistance is a short signal. In this case, if resistance 39.65 is being tested, a short signal would exist.