Trading (SANM) With Integrated Risk Controls
November 25, 2024, 14:34 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SANM
- Buy SANM near 74.52 target 81.67 stop loss @ 74.3 Details
The technical summary data tells us to buy SANM near 74.52 with an upside target of 81.67. This data also tells us to set a stop loss @ 74.3 to protect against excessive loss in case the stock begins to move against the trade. 74.52 is the first level of support below 79.7575 , and by rule, any test of support is a buy signal. In this case, support 74.52 is being tested, a buy signal would exist.
- Short SANM slightly under 81.67, target 74.52, stop loss @ 81.91 Details
The technical summary data is suggesting a short of SANM as it gets near 81.67 with a downside target of 74.52. We should have a stop loss in place at 81.91though. 81.67 is the first level of resistance above 79.7575, and by rule, any test of resistance is a short signal. In this case, if resistance 81.67 is being tested, a short signal would exist.
Swing Trading Plans for SANM
- Buy SANM slightly over 81.67, target n/a, Stop Loss @ 81.43 Details
If 81.67 begins to break higher, the technical summary data tells us to buy SANM just slightly over 81.67, with an upside target of n/a. The data also tells us to set a stop loss @ 81.43 in case the stock turns against the trade. 81.67 is the first level of resistance above 79.7575, and by rule, any break above resistance is a buy signal. In this case, 81.67, 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 SANM slightly near 81.67, target 78.52, Stop Loss @ 81.91. Details
The technical summary data is suggesting a short of SANM if it tests 81.67 with a downside target of 78.52. We should have a stop loss in place at 81.91 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, 81.67, 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 SANM
- Buy SANM slightly over 80.71, target 81.67, Stop Loss @ 80.52 Details
If 80.71 begins to break higher, the technical summary data tells us to buy SANM just slightly over 80.71, with an upside target of 81.67. The data also tells us to set a stop loss @ 80.52 in case the stock turns against the trade. 80.71 is the first level of resistance above 79.7575, and by rule, any break above resistance is a buy signal. In this case, 80.71, 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 SANM slightly near 80.71, target 78.86, Stop Loss @ 80.9. Details
The technical summary data is suggesting a short of SANM if it tests 80.71 with a downside target of 78.86. We should have a stop loss in place at 80.9 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, 80.71, 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 Sanmina Corporation (SANM) available here: SANM.
SANM Ratings for November 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
68.42 |
| P2 |
78.86 |
74.36 |
74.52 |
| P3 |
80.71 |
78.52 |
81.67 |
AI Generated Signals for SANM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SANM:
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