Learn to Evaluate (SNX) using the Charts
November 08, 2024, 15:24 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SNX
- Buy SNX near 123.59 target 133.57 stop loss @ 123.23 Details
The technical summary data tells us to buy SNX near 123.59 with an upside target of 133.57. This data also tells us to set a stop loss @ 123.23 to protect against excessive loss in case the stock begins to move against the trade. 123.59 is the first level of support below 126.005 , and by rule, any test of support is a buy signal. In this case, support 123.59 is being tested, a buy signal would exist.
- Short SNX slightly under 133.57, target 123.59, stop loss @ 133.96 Details
The technical summary data is suggesting a short of SNX as it gets near 133.57 with a downside target of 123.59. We should have a stop loss in place at 133.96though. 133.57 is the first level of resistance above 126.005, and by rule, any test of resistance is a short signal. In this case, if resistance 133.57 is being tested, a short signal would exist.
Swing Trading Plans for SNX
- Buy SNX slightly over 133.57, target n/a, Stop Loss @ 133.18 Details
If 133.57 begins to break higher, the technical summary data tells us to buy SNX just slightly over 133.57, with an upside target of n/a. The data also tells us to set a stop loss @ 133.18 in case the stock turns against the trade. 133.57 is the first level of resistance above 126.005, and by rule, any break above resistance is a buy signal. In this case, 133.57, 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 SNX slightly near 133.57, target 123.59, Stop Loss @ 133.96. Details
The technical summary data is suggesting a short of SNX if it tests 133.57 with a downside target of 123.59. We should have a stop loss in place at 133.96 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, 133.57, 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 SNX
- Buy SNX slightly over 127.24, target 133.57, Stop Loss @ 126.94 Details
If 127.24 begins to break higher, the technical summary data tells us to buy SNX just slightly over 127.24, with an upside target of 133.57. The data also tells us to set a stop loss @ 126.94 in case the stock turns against the trade. 127.24 is the first level of resistance above 126.005, and by rule, any break above resistance is a buy signal. In this case, 127.24, 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 SNX slightly near 127.24, target 123.95, Stop Loss @ 127.54. Details
The technical summary data is suggesting a short of SNX if it tests 127.24 with a downside target of 123.95. We should have a stop loss in place at 127.54 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, 127.24, 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 Td Synnex Corporation (SNX) available here: SNX.
SNX Ratings for November 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
113.71 |
| P2 |
123.95 |
117.02 |
123.59 |
| P3 |
127.24 |
123.45 |
133.57 |
AI Generated Signals for SNX
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar 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
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 Td Synnex Corporation (NYSE: SNX) report below can help you understand how to do this. The trading plans for SNX, 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.
Fundamental Charts for SNX:
pool ads
