Trading (OEC) With Integrated Risk Controls
June 02, 2024, 00:56 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OEC
- Buy OEC slightly over 24.38 target 26.71 stop loss @ 24.31 Details
The technical summary data tells us to buy OEC near 24.38 with an upside target of 26.71. This data also tells us to set a stop loss @ 24.31 to protect against excessive loss in case the stock begins to move against the trade. 24.38 is the first level of support below 24.87 , and by rule, any test of support is a buy signal. In this case, support 24.38 is being tested, a buy signal would exist.
- Short OEC slightly under 26.71, target 24.38, stop loss @ 26.79 Details
The technical summary data is suggesting a short of OEC as it gets near 26.71 with a downside target of 24.38. We should have a stop loss in place at 26.79though. 26.71 is the first level of resistance above 24.87, and by rule, any test of resistance is a short signal. In this case, if resistance 26.71 is being tested, a short signal would exist.
Swing Trading Plans for OEC
- Buy OEC slightly over 26.71, target n/a, Stop Loss @ 26.63 Details
If 26.71 begins to break higher, the technical summary data tells us to buy OEC just slightly over 26.71, with an upside target of n/a. The data also tells us to set a stop loss @ 26.63 in case the stock turns against the trade. 26.71 is the first level of resistance above 24.87, and by rule, any break above resistance is a buy signal. In this case, 26.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short OEC slightly near 26.71, target 24.54, Stop Loss @ 26.79. Details
The technical summary data is suggesting a short of OEC if it tests 26.71 with a downside target of 24.54. We should have a stop loss in place at 26.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 26.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for OEC
- Buy OEC slightly over 26.71, target n/a, Stop Loss @ 26.65 Details
If 26.71 begins to break higher, the technical summary data tells us to buy OEC just slightly over 26.71, with an upside target of n/a. The data also tells us to set a stop loss @ 26.65 in case the stock turns against the trade. 26.71 is the first level of resistance above 24.87, and by rule, any break above resistance is a buy signal. In this case, 26.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short OEC slightly near 26.71, target 24.57, Stop Loss @ 26.77. Details
The technical summary data is suggesting a short of OEC if it tests 26.71 with a downside target of 24.57. We should have a stop loss in place at 26.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 26.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Orion S.a. (OEC) available here: OEC.
OEC Ratings for June 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
22.22 |
| P2 |
24.17 |
23.73 |
24.38 |
| P3 |
24.57 |
24.54 |
26.71 |
AI Generated Signals for OEC
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for OEC:
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