Trading (CHSCN) With Integrated Risk Controls
July 20, 2024, 14:04 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CHSCN
- Buy CHSCN slightly over 25.34 target 25.91 stop loss @ 25.27 Details
The technical summary data tells us to buy CHSCN near 25.34 with an upside target of 25.91. This data also tells us to set a stop loss @ 25.27 to protect against excessive loss in case the stock begins to move against the trade. 25.34 is the first level of support below 25.85 , and by rule, any test of support is a buy signal. In this case, support 25.34 would be being tested, so a buy signal would exist.
- Short CHSCN slightly under 25.91, target 25.34, stop loss @ 25.98 Details
The technical summary data is suggesting a short of CHSCN as it gets near 25.91 with a downside target of 25.34. We should have a stop loss in place at 25.98though. 25.91 is the first level of resistance above 25.85, and by rule, any test of resistance is a short signal. In this case, if resistance 25.91 is being tested, so a short signal would exist.
Swing Trading Plans for CHSCN
- Buy CHSCN slightly over 25.91, target n/a, Stop Loss @ 25.84 Details
If 25.91 begins to break higher, the technical summary data tells us to buy CHSCN just slightly over 25.91, with an upside target of n/a. The data also tells us to set a stop loss @ 25.84 in case the stock turns against the trade. 25.91 is the first level of resistance above 25.85, and by rule, any break above resistance is a buy signal. In this case, 25.91, 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 CHSCN slightly near 25.91, target 25.34, Stop Loss @ 25.98. Details
The technical summary data is suggesting a short of CHSCN if it tests 25.91 with a downside target of 25.34. We should have a stop loss in place at 25.98 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, 25.91, 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 CHSCN
- Buy CHSCN slightly over 25.94, target 26.53, Stop Loss @ 25.88 Details
If 25.94 begins to break higher, the technical summary data tells us to buy CHSCN just slightly over 25.94, with an upside target of 26.53. The data also tells us to set a stop loss @ 25.88 in case the stock turns against the trade. 25.94 is the first level of resistance above 25.85, and by rule, any break above resistance is a buy signal. In this case, 25.94, 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 CHSCN slightly near 25.94, target 25.34, Stop Loss @ 26. Details
The technical summary data is suggesting a short of CHSCN if it tests 25.94 with a downside target of 25.34. We should have a stop loss in place at 26 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, 25.94, 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 Chs Inc Preferred Class B Series 2 Reset Rate (CHSCN) available here: CHSCN.
CHSCN Ratings for July 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
25.34 |
| P2 |
25.94 |
25.87 |
25.91 |
| P3 |
0 |
|
26.53 |
AI Generated Signals for CHSCN
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CHSCN:
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