When (CHN) Moves Investors should Listen
November 22, 2024, 00:46 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CHN
- Buy CHN near 11.6 target 12.98 stop loss @ 11.57 Details
The technical summary data tells us to buy CHN near 11.6 with an upside target of 12.98. This data also tells us to set a stop loss @ 11.57 to protect against excessive loss in case the stock begins to move against the trade. 11.6 is the first level of support below 11.91 , and by rule, any test of support is a buy signal. In this case, support 11.6 is being tested, a buy signal would exist.
- Short CHN slightly under 12.98, target 11.6, stop loss @ 13.02 Details
The technical summary data is suggesting a short of CHN as it gets near 12.98 with a downside target of 11.6. We should have a stop loss in place at 13.02though. 12.98 is the first level of resistance above 11.91, and by rule, any test of resistance is a short signal. In this case, if resistance 12.98 is being tested, a short signal would exist.
Swing Trading Plans for CHN
- Buy CHN slightly over 12.08, target 12.98, Stop Loss @ 12.05 Details
If 12.08 begins to break higher, the technical summary data tells us to buy CHN just slightly over 12.08, with an upside target of 12.98. The data also tells us to set a stop loss @ 12.05 in case the stock turns against the trade. 12.08 is the first level of resistance above 11.91, and by rule, any break above resistance is a buy signal. In this case, 12.08, 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 CHN slightly near 12.08, target 11.66, Stop Loss @ 12.11. Details
The technical summary data is suggesting a short of CHN if it tests 12.08 with a downside target of 11.66. We should have a stop loss in place at 12.11 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, 12.08, 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 CHN
- Buy CHN slightly over 12.08, target 12.98, Stop Loss @ 12.05 Details
If 12.08 begins to break higher, the technical summary data tells us to buy CHN just slightly over 12.08, with an upside target of 12.98. The data also tells us to set a stop loss @ 12.05 in case the stock turns against the trade. 12.08 is the first level of resistance above 11.91, and by rule, any break above resistance is a buy signal. In this case, 12.08, 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 CHN slightly near 12.08, target 11.66, Stop Loss @ 12.11. Details
The technical summary data is suggesting a short of CHN if it tests 12.08 with a downside target of 11.66. We should have a stop loss in place at 12.11 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, 12.08, 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 China Fund Inc. (the) (CHN) available here: CHN.
CHN Ratings for November 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
10.43 |
| P2 |
12.04 |
11.66 |
11.6 |
| P3 |
0 |
12.08 |
12.98 |
AI Generated Signals for CHN
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The China Fund Inc. (the) (NYSE: CHN) report below is a real world example. Included are trading plans for CHN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CHN:
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