Trading (CNXN) With Integrated Risk Controls
May 10, 2024, 01:26 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNXN
- Buy CNXN slightly over 64.54 target 69.34 stop loss @ 64.35 Details
The technical summary data tells us to buy CNXN near 64.54 with an upside target of 69.34. This data also tells us to set a stop loss @ 64.35 to protect against excessive loss in case the stock begins to move against the trade. 64.54 is the first level of support below 64.69 , and by rule, any test of support is a buy signal. In this case, support 64.54 would be being tested, so a buy signal would exist.
- Short CNXN slightly under 69.34, target 64.54, stop loss @ 69.54 Details
The technical summary data is suggesting a short of CNXN as it gets near 69.34 with a downside target of 64.54. We should have a stop loss in place at 69.54though. 69.34 is the first level of resistance above 64.69, and by rule, any test of resistance is a short signal. In this case, if resistance 69.34 is being tested, so a short signal would exist.
Swing Trading Plans for CNXN
- Buy CNXN slightly over 69.34, target 74.59, Stop Loss @ 69.14 Details
If 69.34 begins to break higher, the technical summary data tells us to buy CNXN just slightly over 69.34, with an upside target of 74.59. The data also tells us to set a stop loss @ 69.14 in case the stock turns against the trade. 69.34 is the first level of resistance above 64.69, and by rule, any break above resistance is a buy signal. In this case, 69.34, 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 CNXN slightly near 69.34, target 64.54, Stop Loss @ 69.54. Details
The technical summary data is suggesting a short of CNXN if it tests 69.34 with a downside target of 64.54. We should have a stop loss in place at 69.54 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, 69.34, 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.
Day Trading Plans for CNXN
- Buy CNXN slightly over 65.04, target 69.34, Stop Loss @ 64.89 Details
If 65.04 begins to break higher, the technical summary data tells us to buy CNXN just slightly over 65.04, with an upside target of 69.34. The data also tells us to set a stop loss @ 64.89 in case the stock turns against the trade. 65.04 is the first level of resistance above 64.69, and by rule, any break above resistance is a buy signal. In this case, 65.04, 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 65.04, target 64.54, Stop Loss @ 65.19. Details
The technical summary data is suggesting a short of CNXN if it tests 65.04 with a downside target of 64.54. We should have a stop loss in place at 65.19 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, 65.04, 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 Pc Connection Inc. (CNXN) available here: CNXN.
CNXN Ratings for May 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
64.54 |
| P2 |
64.07 |
60.03 |
69.34 |
| P3 |
65.04 |
63.65 |
74.59 |
AI Generated Signals for CNXN
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CNXN:
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