Trading (ABL) With Integrated Risk Controls
October 08, 2024, 23:14 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ABL
- Buy ABL near 8.88 target 11.22 stop loss @ 8.85 Details
The technical summary data tells us to buy ABL near 8.88 with an upside target of 11.22. This data also tells us to set a stop loss @ 8.85 to protect against excessive loss in case the stock begins to move against the trade. 8.88 is the first level of support below 9.72 , and by rule, any test of support is a buy signal. In this case, support 8.88 would be being tested, so a buy signal would exist.
- Short ABL slightly under 11.22, target 8.88, stop loss @ 11.25 Details
The technical summary data is suggesting a short of ABL as it gets near 11.22 with a downside target of 8.88. We should have a stop loss in place at 11.25though. 11.22 is the first level of resistance above 9.72, and by rule, any test of resistance is a short signal. In this case, if resistance 11.22 is being tested, so a short signal would exist.
Swing Trading Plans for ABL
- Buy ABL slightly over 11.22, target 13.61, Stop Loss @ 11.19 Details
If 11.22 begins to break higher, the technical summary data tells us to buy ABL just slightly over 11.22, with an upside target of 13.61. The data also tells us to set a stop loss @ 11.19 in case the stock turns against the trade. 11.22 is the first level of resistance above 9.72, and by rule, any break above resistance is a buy signal. In this case, 11.22, 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 ABL slightly near 11.22, target 9.67, Stop Loss @ 11.25. Details
The technical summary data is suggesting a short of ABL if it tests 11.22 with a downside target of 9.67. We should have a stop loss in place at 11.25 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, 11.22, 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 ABL
- Buy ABL slightly over 9.73, target 11.22, Stop Loss @ 9.71 Details
If 9.73 begins to break higher, the technical summary data tells us to buy ABL just slightly over 9.73, with an upside target of 11.22. The data also tells us to set a stop loss @ 9.71 in case the stock turns against the trade. 9.73 is the first level of resistance above 9.72, and by rule, any break above resistance is a buy signal. In this case, 9.73, 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 ABL slightly near 9.73, target 9.09, Stop Loss @ 9.75. Details
The technical summary data is suggesting a short of ABL if it tests 9.73 with a downside target of 9.09. We should have a stop loss in place at 9.75 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, 9.73, 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 Abacus Life Inc. (ABL) available here: ABL.
ABL Ratings for October 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
8.88 |
| P2 |
9.73 |
9.09 |
11.22 |
| P3 |
0 |
9.67 |
13.61 |
AI Generated Signals for ABL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ABL:
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