Trading (PFL) With Integrated Risk Controls

April 23, 2024, 19:48 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PFL

• Buy PFL slightly over 7.92 target 8.33 stop loss @ 7.9 Details

The technical summary data tells us to buy PFL near 7.92 with an upside target of 8.33. This data also tells us to set a stop loss @ 7.9 to protect against excessive loss in case the stock begins to move against the trade. 7.92 is the first level of support below 8.3 , and by rule, any test of support is a buy signal. In this case, support 7.92 would be being tested, so a buy signal would exist.

• Short PFL slightly under 8.33, target 7.92, stop loss @ 8.35 Details

The technical summary data is suggesting a short of PFL as it gets near 8.33 with a downside target of 7.92. We should have a stop loss in place at 8.35though. 8.33 is the first level of resistance above 8.3, and by rule, any test of resistance is a short signal. In this case, if resistance 8.33 is being tested, so a short signal would exist.

Swing Trading Plans for PFL

• Buy PFL slightly over 8.33, target 8.66, Stop Loss @ 8.31 Details

If 8.33 begins to break higher, the technical summary data tells us to buy PFL just slightly over 8.33, with an upside target of 8.66. The data also tells us to set a stop loss @ 8.31 in case the stock turns against the trade. 8.33 is the first level of resistance above 8.3, and by rule, any break above resistance is a buy signal. In this case, 8.33, 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 PFL slightly near 8.33, target 7.98, Stop Loss @ 8.35. Details

The technical summary data is suggesting a short of PFL if it tests 8.33 with a downside target of 7.98. We should have a stop loss in place at 8.35 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, 8.33, 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 PFL

• Buy PFL slightly over 8.34, target 8.66, Stop Loss @ 8.32 Details

If 8.34 begins to break higher, the technical summary data tells us to buy PFL just slightly over 8.34, with an upside target of 8.66. The data also tells us to set a stop loss @ 8.32 in case the stock turns against the trade. 8.34 is the first level of resistance above 8.3, and by rule, any break above resistance is a buy signal. In this case, 8.34, 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 PFL slightly near 8.34, target 7.98, Stop Loss @ 8.36. Details

The technical summary data is suggesting a short of PFL if it tests 8.34 with a downside target of 7.98. We should have a stop loss in place at 8.36 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, 8.34, 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 Pimco Income Strategy Fund Shares Of Beneficial Interest (PFL) available here: PFL.

PFL Ratings for April 23:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	7.92
P2	8.34	7.98	8.33
P3	0	8.24	8.66

AI Generated Signals for PFL

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Pimco Income Strategy Fund Shares Of Beneficial Interest (NYSE: PFL) report below can help you, but we have more details too. The trading plans for PFL, 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.