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Pc Connection Inc. $CNXN Proactive Strategies

Longer Term Trading Plans for CNXN
  • Buy CNXN slightly over 54.2 target 59.88 stop loss @ 54.04 Details
  • The technical summary data tells us to buy CNXN near 54.2 with an upside target of 59.88. This data also tells us to set a stop loss @ 54.04 to protect against excessive loss in case the stock begins to move against the trade. 54.2 is the first level of support below 59.44 , and by rule, any test of support is a buy signal. In this case, support 54.2 is being tested, a buy signal would exist.

  • Short CNXN slightly under 59.88, target 54.2, stop loss @ 60.05 Details
  • The technical summary data is suggesting a short of CNXN as it gets near 59.88 with a downside target of 54.2. We should have a stop loss in place at 60.05though. 59.88 is the first level of resistance above 59.44, and by rule, any test of resistance is a short signal. In this case, if resistance 59.88 is being tested, a short signal would exist.

Swing Trading Plans for CNXN
  • Buy CNXN slightly over 59.91, target 61.81, Stop Loss @ 59.74 Details
  • If 59.91 begins to break higher, the technical summary data tells us to buy CNXN just slightly over 59.91, with an upside target of 61.81. The data also tells us to set a stop loss @ 59.74 in case the stock turns against the trade. 59.91 is the first level of resistance above 59.44, and by rule, any break above resistance is a buy signal. In this case, 59.91, 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 CNXN slightly near 59.91, target 54.2, Stop Loss @ 60.08. Details
  • The technical summary data is suggesting a short of CNXN if it tests 59.91 with a downside target of 54.2. We should have a stop loss in place at 60.08 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, 59.91, 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 CNXN
  • Buy CNXN slightly over 60, target 61.81, Stop Loss @ 59.86 Details
  • If 60 begins to break higher, the technical summary data tells us to buy CNXN just slightly over 60, with an upside target of 61.81. The data also tells us to set a stop loss @ 59.86 in case the stock turns against the trade. 60 is the first level of resistance above 59.44, and by rule, any break above resistance is a buy signal. In this case, 60, 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 CNXN slightly near 60, target 59.19, Stop Loss @ 60.14. Details
  • The technical summary data is suggesting a short of CNXN if it tests 60 with a downside target of 59.19. We should have a stop loss in place at 60.14 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, 60, 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.

Real Time Updates are available on our Pc Connection Inc. (CNXN) Page here: CNXN.

CNXN Ratings for November 29:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 48.78
P2 59.19 59.91 54.2
P3 60 61.81 59.88
Triggers may have already come
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Support and Resistance Plot Chart for CNXN

CNXN Long Term Analysis for November 29 2023

Blue = Current Price
Red= Resistance
Green = Support

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Don't over think it!  Trading Pc Connection Inc. (NASDAQ: CNXN) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CNXN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CNXN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CNXN too.  All of these are offered below the Summary Table.