Learn to Evaluate (ABM) using the Charts
November 20, 2024, 04:34 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ABM
- Buy ABM near 51.9 target 55.46 stop loss @ 51.75 Details
The technical summary data tells us to buy ABM near 51.9 with an upside target of 55.46. This data also tells us to set a stop loss @ 51.75 to protect against excessive loss in case the stock begins to move against the trade. 51.9 is the first level of support below 55.36 , and by rule, any test of support is a buy signal. In this case, support 51.9 would be being tested, so a buy signal would exist.
- Short ABM slightly under 55.46, target 51.9, stop loss @ 55.62 Details
The technical summary data is suggesting a short of ABM as it gets near 55.46 with a downside target of 51.9. We should have a stop loss in place at 55.62though. 55.46 is the first level of resistance above 55.36, and by rule, any test of resistance is a short signal. In this case, if resistance 55.46 is being tested, so a short signal would exist.
Swing Trading Plans for ABM
- Buy ABM slightly over 55.46, target 57.97, Stop Loss @ 55.3 Details
If 55.46 begins to break higher, the technical summary data tells us to buy ABM just slightly over 55.46, with an upside target of 57.97. The data also tells us to set a stop loss @ 55.3 in case the stock turns against the trade. 55.46 is the first level of resistance above 55.36, and by rule, any break above resistance is a buy signal. In this case, 55.46, 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 ABM slightly near 55.46, target 54.77, Stop Loss @ 55.62. Details
The technical summary data is suggesting a short of ABM if it tests 55.46 with a downside target of 54.77. We should have a stop loss in place at 55.62 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, 55.46, 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 ABM
- Buy ABM slightly over 55.46, target 57.97, Stop Loss @ 55.33 Details
If 55.46 begins to break higher, the technical summary data tells us to buy ABM just slightly over 55.46, with an upside target of 57.97. The data also tells us to set a stop loss @ 55.33 in case the stock turns against the trade. 55.46 is the first level of resistance above 55.36, and by rule, any break above resistance is a buy signal. In this case, 55.46, 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 ABM slightly near 55.46, target 55.14, Stop Loss @ 55.59. Details
The technical summary data is suggesting a short of ABM if it tests 55.46 with a downside target of 55.14. We should have a stop loss in place at 55.59 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, 55.46, 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 Abm Industries Incorporated (ABM) available here: ABM.
ABM Ratings for November 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
51.9 |
| P2 |
53.98 |
54.77 |
55.46 |
| P3 |
55.14 |
57.97 |
59.76 |
AI Generated Signals for ABM
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Abm Industries Incorporated (NYSE: ABM) report below can help you understand how to do this. The trading plans for ABM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ABM:
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