Trading (ERO) With Integrated Risk Controls
November 12, 2024, 01:28 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ERO
- 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 ERO slightly under 18.87, target n/a, stop loss @ 18.92 Details
The technical summary data is suggesting a short of ERO as it gets near 18.87, 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 18.92. 18.87 is the first level of resistance above 16.57, and by rule, any test of resistance is a short signal. In this case, if resistance 18.87 is being tested, so a short signal would exist.
Swing Trading Plans for ERO
- Buy ERO slightly over 17.26, target 18.87, Stop Loss @ 17.21 Details
If 17.26 begins to break higher, the technical summary data tells us to buy ERO just slightly over 17.26, with an upside target of 18.87. The data also tells us to set a stop loss @ 17.21 in case the stock turns against the trade. 17.26 is the first level of resistance above 16.57, and by rule, any break above resistance is a buy signal. In this case, 17.26, 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 ERO slightly near 17.26, target 16.34, Stop Loss @ 17.31. Details
The technical summary data is suggesting a short of ERO if it tests 17.26 with a downside target of 16.34. We should have a stop loss in place at 17.31 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, 17.26, 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 ERO
- Buy ERO slightly over 17.26, target 18.87, Stop Loss @ 17.22 Details
If 17.26 begins to break higher, the technical summary data tells us to buy ERO just slightly over 17.26, with an upside target of 18.87. The data also tells us to set a stop loss @ 17.22 in case the stock turns against the trade. 17.26 is the first level of resistance above 16.57, and by rule, any break above resistance is a buy signal. In this case, 17.26, 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 ERO slightly near 17.26, target 16.34, Stop Loss @ 17.3. Details
The technical summary data is suggesting a short of ERO if it tests 17.26 with a downside target of 16.34. We should have a stop loss in place at 17.3 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, 17.26, 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 Ero Copper Corp. (ERO) available here: ERO.
ERO Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
18.87 |
| P2 |
16.16 |
16.34 |
21.79 |
| P3 |
17.23 |
17.26 |
24.92 |
AI Generated Signals for ERO
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Ero Copper Corp. (NYSE: ERO) report below can help you, but we have more details too. The trading plans for ERO, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for ERO:
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