pool adsLearn to Evaluate Chico's Fas (CHS) using the Charts
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Chico's Fas (NYSE: CHS) report below can help you understand how to do this. The trading plans for CHS, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
CHS Ratings for June 21: Below:
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Strong | Strong |
| P1 | 0 | 0 | 2.94 |
| P2 | 4.98 | 4.98 | 3.83 |
| P3 | 5.25 | 5.55 | 4.82 |
Support and Resistance Plot Chart for CHS
Longer Term Trading Plans for CHS
Our Longer Term Plans for CHS help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this CHS Report.
Long Support Plan (Long Term Trading)
Buy CHS over 4.82 target n/a stop loss @ 4.81.
The technical summary data tells us to buy CHS near 4.82, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 4.81 to protect against excessive loss in case the stock begins to move against the trade. 4.82 is the first level of support below 5.445, and by rule, any test of support is a buy signal. In this case, if support 4.82 is being tested, a buy signal would exist.
Short Resistance Plan (Long Term Trading)
NONE .
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Blue = Current Price
Red= Resistance
Green = Support
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