Trading (CHN) With Integrated Risk Controls
December 02, 2024, 16:18 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CHN
- Buy CHN near 11.66 target 13.04 stop loss @ 11.63 Details
The technical summary data tells us to buy CHN near 11.66 with an upside target of 13.04. This data also tells us to set a stop loss @ 11.63 to protect against excessive loss in case the stock begins to move against the trade. 11.66 is the first level of support below 11.92 , and by rule, any test of support is a buy signal. In this case, support 11.66 is being tested, a buy signal would exist.
- Short CHN slightly under 13.04, target 11.66, stop loss @ 13.08 Details
The technical summary data is suggesting a short of CHN as it gets near 13.04 with a downside target of 11.66. We should have a stop loss in place at 13.08though. 13.04 is the first level of resistance above 11.92, and by rule, any test of resistance is a short signal. In this case, if resistance 13.04 is being tested, a short signal would exist.
Swing Trading Plans for CHN
- Buy CHN slightly over 13.04, target n/a, Stop Loss @ 13 Details
If 13.04 begins to break higher, the technical summary data tells us to buy CHN just slightly over 13.04, with an upside target of n/a. The data also tells us to set a stop loss @ 13 in case the stock turns against the trade. 13.04 is the first level of resistance above 11.92, and by rule, any break above resistance is a buy signal. In this case, 13.04, 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 CHN slightly near 13.04, target 11.7, Stop Loss @ 13.08. Details
The technical summary data is suggesting a short of CHN if it tests 13.04 with a downside target of 11.7. We should have a stop loss in place at 13.08 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, 13.04, 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 CHN
- Buy CHN slightly over 13.04, target n/a, Stop Loss @ 13.01 Details
If 13.04 begins to break higher, the technical summary data tells us to buy CHN just slightly over 13.04, with an upside target of n/a. The data also tells us to set a stop loss @ 13.01 in case the stock turns against the trade. 13.04 is the first level of resistance above 11.92, and by rule, any break above resistance is a buy signal. In this case, 13.04, 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 CHN slightly near 13.04, target 11.83, Stop Loss @ 13.07. Details
The technical summary data is suggesting a short of CHN if it tests 13.04 with a downside target of 11.83. We should have a stop loss in place at 13.07 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, 13.04, 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 China Fund Inc. (the) (CHN) available here: CHN.
CHN Ratings for December 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
10.49 |
| P2 |
11.5 |
11.33 |
11.66 |
| P3 |
11.83 |
11.7 |
13.04 |
AI Generated Signals for CHN
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CHN:
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