Trading (HCM) With Integrated Risk Controls
November 23, 2024, 11:56 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HCM
- Buy HCM near 16.55 target 19.08 stop loss @ 16.5 Details
The technical summary data tells us to buy HCM near 16.55 with an upside target of 19.08. This data also tells us to set a stop loss @ 16.5 to protect against excessive loss in case the stock begins to move against the trade. 16.55 is the first level of support below 17.36 , and by rule, any test of support is a buy signal. In this case, support 16.55 would be being tested, so a buy signal would exist.
- Short HCM slightly under 19.08, target 16.55, stop loss @ 19.14 Details
The technical summary data is suggesting a short of HCM as it gets near 19.08 with a downside target of 16.55. We should have a stop loss in place at 19.14though. 19.08 is the first level of resistance above 17.36, and by rule, any test of resistance is a short signal. In this case, if resistance 19.08 is being tested, so a short signal would exist.
Swing Trading Plans for HCM
- Buy HCM slightly over 17.53, target 19.08, Stop Loss @ 17.48 Details
If 17.53 begins to break higher, the technical summary data tells us to buy HCM just slightly over 17.53, with an upside target of 19.08. The data also tells us to set a stop loss @ 17.48 in case the stock turns against the trade. 17.53 is the first level of resistance above 17.36, and by rule, any break above resistance is a buy signal. In this case, 17.53, 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 HCM slightly near 17.53, target 16.55, Stop Loss @ 17.58. Details
The technical summary data is suggesting a short of HCM if it tests 17.53 with a downside target of 16.55. We should have a stop loss in place at 17.58 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, 17.53, 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 HCM
- Buy HCM slightly over 17.58, target 18.31, Stop Loss @ 17.54 Details
If 17.58 begins to break higher, the technical summary data tells us to buy HCM just slightly over 17.58, with an upside target of 18.31. The data also tells us to set a stop loss @ 17.54 in case the stock turns against the trade. 17.58 is the first level of resistance above 17.36, and by rule, any break above resistance is a buy signal. In this case, 17.58, 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 HCM slightly near 17.58, target 16.55, Stop Loss @ 17.62. Details
The technical summary data is suggesting a short of HCM if it tests 17.58 with a downside target of 16.55. We should have a stop loss in place at 17.62 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, 17.58, 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 Hutchmed (china) Limited (HCM) available here: HCM.
HCM Ratings for November 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
16.55 |
| P2 |
17.58 |
16.37 |
19.08 |
| P3 |
18.31 |
17.53 |
21.74 |
AI Generated Signals for HCM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for HCM:
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