Trading (TNET) With Integrated Risk Controls
March 16, 2024, 02:46 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TNET
- Buy TNET slightly over 118.02 target 126.37 stop loss @ 117.68 Details
The technical summary data tells us to buy TNET near 118.02 with an upside target of 126.37. This data also tells us to set a stop loss @ 117.68 to protect against excessive loss in case the stock begins to move against the trade. 118.02 is the first level of support below 125.65 , and by rule, any test of support is a buy signal. In this case, support 118.02 would be being tested, so a buy signal would exist.
- Short TNET slightly under 126.37, target 118.02, stop loss @ 126.73 Details
The technical summary data is suggesting a short of TNET as it gets near 126.37 with a downside target of 118.02. We should have a stop loss in place at 126.73though. 126.37 is the first level of resistance above 125.65, and by rule, any test of resistance is a short signal. In this case, if resistance 126.37 is being tested, so a short signal would exist.
Swing Trading Plans for TNET
- Buy TNET slightly over 125.86, target 126.37, Stop Loss @ 125.5 Details
If 125.86 begins to break higher, the technical summary data tells us to buy TNET just slightly over 125.86, with an upside target of 126.37. The data also tells us to set a stop loss @ 125.5 in case the stock turns against the trade. 125.86 is the first level of resistance above 125.65, and by rule, any break above resistance is a buy signal. In this case, 125.86, 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 TNET slightly near 125.86, target 122.6, Stop Loss @ 126.22. Details
The technical summary data is suggesting a short of TNET if it tests 125.86 with a downside target of 122.6. We should have a stop loss in place at 126.22 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, 125.86, 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 TNET
- Buy TNET slightly over 125.86, target 126.37, Stop Loss @ 125.57 Details
If 125.86 begins to break higher, the technical summary data tells us to buy TNET just slightly over 125.86, with an upside target of 126.37. The data also tells us to set a stop loss @ 125.57 in case the stock turns against the trade. 125.86 is the first level of resistance above 125.65, and by rule, any break above resistance is a buy signal. In this case, 125.86, 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 TNET slightly near 125.86, target 124.29, Stop Loss @ 126.15. Details
The technical summary data is suggesting a short of TNET if it tests 125.86 with a downside target of 124.29. We should have a stop loss in place at 126.15 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, 125.86, 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 Trinet Group Inc. (TNET) available here: TNET.
TNET Ratings for March 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
118.02 |
| P2 |
124.29 |
122.6 |
126.37 |
| P3 |
126.95 |
125.86 |
135.02 |
AI Generated Signals for TNET
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for TNET:
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