When (THC) Moves Investors should Listen
December 01, 2024, 15:06 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for THC
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short THC slightly under 152.99, target n/a, stop loss @ 153.43 Details
The technical summary data is suggesting a short of THC as it gets near 152.99, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 153.43. 152.99 is the first level of resistance above 142.68, and by rule, any test of resistance is a short signal. In this case, if resistance 152.99 is being tested, so a short signal would exist.
Swing Trading Plans for THC
- Buy THC slightly over 152.99, target 170.41, Stop Loss @ 152.55 Details
If 152.99 begins to break higher, the technical summary data tells us to buy THC just slightly over 152.99, with an upside target of 170.41. The data also tells us to set a stop loss @ 152.55 in case the stock turns against the trade. 152.99 is the first level of resistance above 142.68, and by rule, any break above resistance is a buy signal. In this case, 152.99, 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 THC slightly near 152.99, target 142.13, Stop Loss @ 153.43. Details
The technical summary data is suggesting a short of THC if it tests 152.99 with a downside target of 142.13. We should have a stop loss in place at 153.43 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, 152.99, 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 THC
- Buy THC slightly over 144.23, target 152.99, Stop Loss @ 143.89 Details
If 144.23 begins to break higher, the technical summary data tells us to buy THC just slightly over 144.23, with an upside target of 152.99. The data also tells us to set a stop loss @ 143.89 in case the stock turns against the trade. 144.23 is the first level of resistance above 142.68, and by rule, any break above resistance is a buy signal. In this case, 144.23, 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 THC slightly near 144.23, target 142.13, Stop Loss @ 144.57. Details
The technical summary data is suggesting a short of THC if it tests 144.23 with a downside target of 142.13. We should have a stop loss in place at 144.57 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, 144.23, 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 Tenet Healthcare Corporation (THC) available here: THC.
THC Ratings for December 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
152.99 |
| P2 |
140.75 |
135.18 |
170.41 |
| P3 |
144.23 |
142.13 |
186.71 |
AI Generated Signals for THC
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Tenet Healthcare Corporation (NYSE: THC) report below is a real world example. Included are trading plans for THC, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for THC:
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