pool adsInvalid Iqfeed Symbol $AXE Trading Report
Stock Traders Daily is celebrating 20 years, providing proactive risk-controlled strategies all along, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The Invalid Iqfeed Symbol (NYSE: AXE) report below can help you, but we have more details too. The trading plans for AXE, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Strong |
| P1 | ERR | ERR | 93.26 |
| P2 | 103.08 | ||
| P3 | 0 | 111.88 |
Support and Resistance Plot Chart for AXE
Long Term Trading Plans for AXE
October 11, 2020, 8:30 am ET
The Technical Summary and Trading Plans for AXE 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 AXE Report.
AXE - (Long) Support Plan
The technical summary data tells us to buy AXE near 93.26 with an upside target of 103.08. This data also tells us to set a stop loss @ 92.99 to protect against excessive loss in case the stock begins to move against the trade. 93.26 is the first level of support below 97.85 , and by rule, any test of support is a buy signal. In this case, support 93.26 would be being tested, so a buy signal would exist.
AXE - (Short) Resistance Plan
The technical summary data is suggesting a short of AXE as it gets near 103.08 with a downside target of 93.26. We should have a stop loss in place at 103.38 though. 103.08 is the first level of resistance above 97.85, and by rule, any test of resistance is a short signal. In this case, if resistance 103.08 is being tested, so a short signal would exist.
