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How the (CHY) price action is used to our Advantage

Longer Term Trading Plans for CHY
  • Buy CHY slightly over 11.01 target 11.45 stop loss @ 10.98 Details
  • The technical summary data tells us to buy CHY near 11.01 with an upside target of 11.45. This data also tells us to set a stop loss @ 10.98 to protect against excessive loss in case the stock begins to move against the trade. 11.01 is the first level of support below 11.305 , and by rule, any test of support is a buy signal. In this case, support 11.01 would be being tested, so a buy signal would exist.

  • Short CHY slightly under 11.45, target 11.01, stop loss @ 11.48 Details
  • The technical summary data is suggesting a short of CHY as it gets near 11.45 with a downside target of 11.01. We should have a stop loss in place at 11.48though. 11.45 is the first level of resistance above 11.305, and by rule, any test of resistance is a short signal. In this case, if resistance 11.45 is being tested, so a short signal would exist.

Swing Trading Plans for CHY
  • Buy CHY slightly over 11.45, target n/a, Stop Loss @ 11.42 Details
  • If 11.45 begins to break higher, the technical summary data tells us to buy CHY just slightly over 11.45, with an upside target of n/a. The data also tells us to set a stop loss @ 11.42 in case the stock turns against the trade. 11.45 is the first level of resistance above 11.305, and by rule, any break above resistance is a buy signal. In this case, 11.45, 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 CHY slightly near 11.45, target 11.01, Stop Loss @ 11.48. Details
  • The technical summary data is suggesting a short of CHY if it tests 11.45 with a downside target of 11.01. We should have a stop loss in place at 11.48 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, 11.45, 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 CHY
  • Buy CHY slightly over 11.45, target 11.88, Stop Loss @ 11.42 Details
  • If 11.45 begins to break higher, the technical summary data tells us to buy CHY just slightly over 11.45, with an upside target of 11.88. The data also tells us to set a stop loss @ 11.42 in case the stock turns against the trade. 11.45 is the first level of resistance above 11.305, and by rule, any break above resistance is a buy signal. In this case, 11.45, 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 CHY slightly near 11.45, target 11.01, Stop Loss @ 11.48. Details
  • The technical summary data is suggesting a short of CHY if it tests 11.45 with a downside target of 11.01. We should have a stop loss in place at 11.48 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, 11.45, 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  Calamos Convertible And High Income Fund (CHY) available here: CHY.

CHY Ratings for July 10:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 11.01
P2 11.44 11.4 11.45
P3 0 11.88
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AI Generated Signals for CHY

CHY Long Term Analysis for July 10 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Calamos Convertible And High Income Fund (NYSE: CHY) data table below can help you with price action, and we have more details too. Trading plans for CHY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.