Check Point Software $CHKP Trading Report
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Neutral |
| P1 | 0 | 0 | 104.78 |
| P2 | 114.43 | 114.36 | 112.71 |
| P3 | 117.23 | 117.87 | 120.79 |
Support and Resistance Plot Chart for CHKP
Long Term Trading Plans for CHKP
November 14, 2019, 1:15 am ET
The Technical Summary and Trading Plans for CHKP 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 CHKP Report.
CHKP - (Long) Support Plan
The technical summary data tells us to buy CHKP near 112.71 with an upside target of 120.79. This data also tells us to set a stop loss @ 112.45 to protect against excessive loss in case the stock begins to move against the trade. 112.71 is the first level of support below 115.82 , and by rule, any test of support is a buy signal. In this case, support 112.71 is being tested, a buy signal would exist.
CHKP - (Short) Resistance Plan
The technical summary data is suggesting a short of CHKP as it gets near 120.79 with a downside target of 112.71. We should have a stop loss in place at 121.05 though. 120.79 is the first level of resistance above 115.82, and by rule, any test of resistance is a short signal. In this case, if resistance 120.79 is being tested, a short signal would exist.
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