When (TRMD) Moves Investors should Listen
February 02, 2024, 14:48 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TRMD
- Buy TRMD slightly over 30.31 target 34.41 stop loss @ 30.22 Details
The technical summary data tells us to buy TRMD near 30.31 with an upside target of 34.41. This data also tells us to set a stop loss @ 30.22 to protect against excessive loss in case the stock begins to move against the trade. 30.31 is the first level of support below 34.17 , and by rule, any test of support is a buy signal. In this case, support 30.31 is being tested, a buy signal would exist.
- Short TRMD slightly under 34.41, target 30.31, stop loss @ 34.51 Details
The technical summary data is suggesting a short of TRMD as it gets near 34.41 with a downside target of 30.31. We should have a stop loss in place at 34.51though. 34.41 is the first level of resistance above 34.17, and by rule, any test of resistance is a short signal. In this case, if resistance 34.41 is being tested, a short signal would exist.
Swing Trading Plans for TRMD
- Buy TRMD slightly over 34.41, target 35.73, Stop Loss @ 34.31 Details
If 34.41 begins to break higher, the technical summary data tells us to buy TRMD just slightly over 34.41, with an upside target of 35.73. The data also tells us to set a stop loss @ 34.31 in case the stock turns against the trade. 34.41 is the first level of resistance above 34.17, and by rule, any break above resistance is a buy signal. In this case, 34.41, 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 TRMD slightly near 34.41, target 30.31, Stop Loss @ 34.51. Details
The technical summary data is suggesting a short of TRMD if it tests 34.41 with a downside target of 30.31. We should have a stop loss in place at 34.51 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, 34.41, 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 TRMD
- Buy TRMD slightly over 34.41, target 35.23, Stop Loss @ 34.33 Details
If 34.41 begins to break higher, the technical summary data tells us to buy TRMD just slightly over 34.41, with an upside target of 35.23. The data also tells us to set a stop loss @ 34.33 in case the stock turns against the trade. 34.41 is the first level of resistance above 34.17, and by rule, any break above resistance is a buy signal. In this case, 34.41, 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 TRMD slightly near 34.41, target 30.31, Stop Loss @ 34.49. Details
The technical summary data is suggesting a short of TRMD if it tests 34.41 with a downside target of 30.31. We should have a stop loss in place at 34.49 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, 34.41, 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 Torm Plc (TRMD) available here: TRMD.
TRMD Ratings for February 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
26.67 |
| P2 |
35.23 |
35.73 |
30.31 |
| P3 |
36.29 |
37.29 |
34.41 |
AI Generated Signals for TRMD
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Torm Plc (NASDAQ: TRMD) report below is a real world example. Included are trading plans for TRMD, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TRMD:
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