Trading (OLLI) With Integrated Risk Controls
November 14, 2024, 05:36 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OLLI
- Buy OLLI near 89.5 target 98.57 stop loss @ 89.24 Details
The technical summary data tells us to buy OLLI near 89.5 with an upside target of 98.57. This data also tells us to set a stop loss @ 89.24 to protect against excessive loss in case the stock begins to move against the trade. 89.5 is the first level of support below 92.15 , and by rule, any test of support is a buy signal. In this case, support 89.5 would be being tested, so a buy signal would exist.
- Short OLLI slightly under 98.57, target 89.5, stop loss @ 98.85 Details
The technical summary data is suggesting a short of OLLI as it gets near 98.57 with a downside target of 89.5. We should have a stop loss in place at 98.85though. 98.57 is the first level of resistance above 92.15, and by rule, any test of resistance is a short signal. In this case, if resistance 98.57 is being tested, so a short signal would exist.
Swing Trading Plans for OLLI
- Buy OLLI slightly over 95.08, target 98.57, Stop Loss @ 94.81 Details
If 95.08 begins to break higher, the technical summary data tells us to buy OLLI just slightly over 95.08, with an upside target of 98.57. The data also tells us to set a stop loss @ 94.81 in case the stock turns against the trade. 95.08 is the first level of resistance above 92.15, and by rule, any break above resistance is a buy signal. In this case, 95.08, 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 OLLI slightly near 95.08, target 89.5, Stop Loss @ 95.35. Details
The technical summary data is suggesting a short of OLLI if it tests 95.08 with a downside target of 89.5. We should have a stop loss in place at 95.35 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, 95.08, 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 OLLI
- Buy OLLI slightly over 94.08, target 95.08, Stop Loss @ 93.86 Details
If 94.08 begins to break higher, the technical summary data tells us to buy OLLI just slightly over 94.08, with an upside target of 95.08. The data also tells us to set a stop loss @ 93.86 in case the stock turns against the trade. 94.08 is the first level of resistance above 92.15, and by rule, any break above resistance is a buy signal. In this case, 94.08, 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 OLLI slightly near 94.08, target 91.47, Stop Loss @ 94.3. Details
The technical summary data is suggesting a short of OLLI if it tests 94.08 with a downside target of 91.47. We should have a stop loss in place at 94.3 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, 94.08, 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 Ollie's Bargain Outlet Holdings Inc. (OLLI) available here: OLLI.
OLLI Ratings for November 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
89.5 |
| P2 |
91.47 |
95.08 |
98.57 |
| P3 |
94.08 |
100.66 |
107.85 |
AI Generated Signals for OLLI
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for OLLI:
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