L3harris Technologies Inc LHX Technical Pivots with Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for LHX
  • Buy LHX over 221.07 target 239.16 stop loss @ 220.43 Details
  • The technical summary data tells us to buy LHX near 221.07 with an upside target of 239.16. This data also tells us to set a stop loss @ 220.43 to protect against excessive loss in case the stock begins to move against the trade. 221.07 is the first level of support below 229.64 , and by rule, any test of support is a buy signal. In this case, support 221.07 would be being tested, so a buy signal would exist.

  • Short LHX under 239.16, target 221.07, stop loss @ 239.85 Details
  • The technical summary data is suggesting a short of LHX as it gets near 239.16 with a downside target of 221.07. We should have a stop loss in place at 239.85though. 239.16 is the first level of resistance above 229.64, and by rule, any test of resistance is a short signal. In this case, if resistance 239.16 is being tested, so a short signal would exist.

Swing Trading Plans for LHX
  • Buy LHX over 239.16, target 259.32, Stop Loss @ 238.47 Details
  • If 239.16 begins to break higher, the technical summary data tells us to buy LHX just over 239.16, with an upside target of 259.32. The data also tells us to set a stop loss @ 238.47 in case the stock turns against the trade. 239.16 is the first level of resistance above 229.64, and by rule, any break above resistance is a buy signal. In this case, 239.16, 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 LHX near 239.16, target 228.71, Stop Loss @ 239.85. Details
  • The technical summary data is suggesting a short of LHX if it tests 239.16 with a downside target of 228.71. We should have a stop loss in place at 239.85 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, 239.16, 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 LHX
  • Buy LHX over 231.62, target 239.16, Stop Loss @ 231.08 Details
  • If 231.62 begins to break higher, the technical summary data tells us to buy LHX just over 231.62, with an upside target of 239.16. The data also tells us to set a stop loss @ 231.08 in case the stock turns against the trade. 231.62 is the first level of resistance above 229.64, and by rule, any break above resistance is a buy signal. In this case, 231.62, 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 LHX near 231.62, target 228.71, Stop Loss @ 232.16. Details
  • The technical summary data is suggesting a short of LHX if it tests 231.62 with a downside target of 228.71. We should have a stop loss in place at 232.16 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, 231.62, 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.

LHX Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 0 0 221.07
P2 223.03 217.03 239.16
P3 231.62 228.71 259.32

LHX Long Term Analysis for June 23 2022


LHX Swing Trading Analysis for June 23 2022


LHX Day Trading Analysis for June 23 2022

The technical pivots for L3harris Technologies Inc (NYSE: LHX) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LHX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LHX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for LHX too.  All of these are offered below the Summary Table.

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