How To Trade (TEL)

February 23, 2024, 21:40 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TEL

• Buy TEL slightly over 135.58 target 144.81 stop loss @ 135.19 Details

The technical summary data tells us to buy TEL near 135.58 with an upside target of 144.81. This data also tells us to set a stop loss @ 135.19 to protect against excessive loss in case the stock begins to move against the trade. 135.58 is the first level of support below 143.11 , and by rule, any test of support is a buy signal. In this case, support 135.58 is being tested, a buy signal would exist.

• Short TEL slightly under 144.81, target 135.58, stop loss @ 145.23 Details

The technical summary data is suggesting a short of TEL as it gets near 144.81 with a downside target of 135.58. We should have a stop loss in place at 145.23though. 144.81 is the first level of resistance above 143.11, and by rule, any test of resistance is a short signal. In this case, if resistance 144.81 is being tested, a short signal would exist.

Swing Trading Plans for TEL

• Buy TEL slightly over 143.79, target 144.81, Stop Loss @ 143.37 Details

If 143.79 begins to break higher, the technical summary data tells us to buy TEL just slightly over 143.79, with an upside target of 144.81. The data also tells us to set a stop loss @ 143.37 in case the stock turns against the trade. 143.79 is the first level of resistance above 143.11, and by rule, any break above resistance is a buy signal. In this case, 143.79, 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 TEL slightly near 143.79, target 140.36, Stop Loss @ 144.21. Details

The technical summary data is suggesting a short of TEL if it tests 143.79 with a downside target of 140.36. We should have a stop loss in place at 144.21 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, 143.79, 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 TEL

• Buy TEL slightly over 143.79, target 144.81, Stop Loss @ 143.45 Details

If 143.79 begins to break higher, the technical summary data tells us to buy TEL just slightly over 143.79, with an upside target of 144.81. The data also tells us to set a stop loss @ 143.45 in case the stock turns against the trade. 143.79 is the first level of resistance above 143.11, and by rule, any break above resistance is a buy signal. In this case, 143.79, 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 TEL slightly near 143.79, target 142.74, Stop Loss @ 144.13. Details

The technical summary data is suggesting a short of TEL if it tests 143.79 with a downside target of 142.74. We should have a stop loss in place at 144.13 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, 143.79, 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 Te Connectivity Ltd. (TEL) available here: TEL.

TEL Ratings for February 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	126.27
P2	139.52	140.36	135.58
P3	142.74	143.79	144.81

AI Generated Signals for TEL

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This report provides trading strategies for Te Connectivity Ltd. (NYSE: TEL) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for TEL 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 TEL 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 TEL too.  All of these are offered below the Summary Table.