pool adsHow Stock Traders Daily uses Price Action in Teleflex #TFX to Define Opportunity and Risk
Both #opportunity and #risks can be drawn from looking at the #priceaction in Teleflex (NYSE: TFX). This is a practice commonly referred to as reading the charts. The summary data for TFX below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Strong |
| P1 | 0 | 0 | 388.28 |
| P2 | 403.39 | 396.06 | 413.54 |
| P3 | 412.50 | 410.71 | 437.16 |
Support and Resistance Plot Chart for TFX
Long Term Trading Plans for TFX
May 9, 2021, 9:45 am ET
The Technical Summary and Trading Plans for TFX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TFX Report.
TFX - (Long) Support Plan
The technical summary data tells us to buy TFX near 388.28 with an upside target of 413.54. This data also tells us to set a stop loss @ 387.16 to protect against excessive loss in case the stock begins to move against the trade. 388.28 is the first level of support below 412.55 , and by rule, any test of support is a buy signal. In this case, support 388.28 would be being tested, so a buy signal would exist.
TFX - (Short) Resistance Plan
The technical summary data is suggesting a short of TFX as it gets near 413.54 with a downside target of 388.28. We should have a stop loss in place at 414.73though. 413.54 is the first level of resistance above 412.55, and by rule, any test of resistance is a short signal. In this case, if resistance 413.54 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.
Our Market Crash Leading Indicator is Evitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change: Take a Trial
