How the (CHE) price action is used to our Advantage
April 08, 2024, 14:28 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CHE
- Buy CHE slightly over 606.35 target 645.3 stop loss @ 604.6 Details
The technical summary data tells us to buy CHE near 606.35 with an upside target of 645.3. This data also tells us to set a stop loss @ 604.6 to protect against excessive loss in case the stock begins to move against the trade. 606.35 is the first level of support below 630.542 , and by rule, any test of support is a buy signal. In this case, support 606.35 is being tested, a buy signal would exist.
- Short CHE slightly under 645.3, target 606.35, stop loss @ 647.16 Details
The technical summary data is suggesting a short of CHE as it gets near 645.3 with a downside target of 606.35. We should have a stop loss in place at 647.16though. 645.3 is the first level of resistance above 630.542, and by rule, any test of resistance is a short signal. In this case, if resistance 645.3 is being tested, a short signal would exist.
Swing Trading Plans for CHE
- Buy CHE slightly over 635.88, target 645.3, Stop Loss @ 634.04 Details
If 635.88 begins to break higher, the technical summary data tells us to buy CHE just slightly over 635.88, with an upside target of 645.3. The data also tells us to set a stop loss @ 634.04 in case the stock turns against the trade. 635.88 is the first level of resistance above 630.542, and by rule, any break above resistance is a buy signal. In this case, 635.88, 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 CHE slightly near 635.88, target 628.37, Stop Loss @ 637.72. Details
The technical summary data is suggesting a short of CHE if it tests 635.88 with a downside target of 628.37. We should have a stop loss in place at 637.72 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, 635.88, 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 CHE
- Buy CHE slightly over 632.8, target 635.88, Stop Loss @ 631.32 Details
If 632.8 begins to break higher, the technical summary data tells us to buy CHE just slightly over 632.8, with an upside target of 635.88. The data also tells us to set a stop loss @ 631.32 in case the stock turns against the trade. 632.8 is the first level of resistance above 630.542, and by rule, any break above resistance is a buy signal. In this case, 632.8, 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 CHE slightly near 632.8, target 628.37, Stop Loss @ 634.28. Details
The technical summary data is suggesting a short of CHE if it tests 632.8 with a downside target of 628.37. We should have a stop loss in place at 634.28 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, 632.8, 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 Chemed Corp (CHE) available here: CHE.
CHE Ratings for April 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
567.68 |
| P2 |
627.53 |
628.37 |
606.35 |
| P3 |
632.8 |
635.88 |
645.3 |
AI Generated Signals for CHE
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Chemed Corp (NYSE: CHE) data table below can help you with price action, and we have more details too. Trading plans for CHE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CHE:
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