How the (DIT) price action is used to our Advantage
February 19, 2024, 14:52 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DIT
- Buy DIT slightly over 200.4 target 228.47 stop loss @ 199.82 Details
The technical summary data tells us to buy DIT near 200.4 with an upside target of 228.47. This data also tells us to set a stop loss @ 199.82 to protect against excessive loss in case the stock begins to move against the trade. 200.4 is the first level of support below 202.3 , and by rule, any test of support is a buy signal. In this case, support 200.4 is being tested, a buy signal would exist.
- Short DIT slightly under 228.47, target 200.4, stop loss @ 229.13 Details
The technical summary data is suggesting a short of DIT as it gets near 228.47 with a downside target of 200.4. We should have a stop loss in place at 229.13though. 228.47 is the first level of resistance above 202.3, and by rule, any test of resistance is a short signal. In this case, if resistance 228.47 is being tested, a short signal would exist.
Swing Trading Plans for DIT
- Buy DIT slightly over 207.41, target 228.47, Stop Loss @ 206.81 Details
If 207.41 begins to break higher, the technical summary data tells us to buy DIT just slightly over 207.41, with an upside target of 228.47. The data also tells us to set a stop loss @ 206.81 in case the stock turns against the trade. 207.41 is the first level of resistance above 202.3, and by rule, any break above resistance is a buy signal. In this case, 207.41, 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 DIT slightly near 207.41, target 200.4, Stop Loss @ 208.01. Details
The technical summary data is suggesting a short of DIT if it tests 207.41 with a downside target of 200.4. We should have a stop loss in place at 208.01 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, 207.41, 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 DIT
- Buy DIT slightly over 202.7, target 207.41, Stop Loss @ 202.23 Details
If 202.7 begins to break higher, the technical summary data tells us to buy DIT just slightly over 202.7, with an upside target of 207.41. The data also tells us to set a stop loss @ 202.23 in case the stock turns against the trade. 202.7 is the first level of resistance above 202.3, and by rule, any break above resistance is a buy signal. In this case, 202.7, 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 DIT slightly near 202.7, target 201.52, Stop Loss @ 203.17. Details
The technical summary data is suggesting a short of DIT if it tests 202.7 with a downside target of 201.52. We should have a stop loss in place at 203.17 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, 202.7, 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 Amcon Distributing Company (DIT) available here: DIT.
DIT Ratings for February 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
177.77 |
| P2 |
201.52 |
198.65 |
200.4 |
| P3 |
202.7 |
207.41 |
228.47 |
AI Generated Signals for DIT
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 Amcon Distributing Company (NYSE: DIT) data table below can help you with price action, and we have more details too. Trading plans for DIT 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 DIT:
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