How To Trade (PDT)

November 14, 2024, 09:14 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PDT

• Buy PDT near 12.5 target 13.05 stop loss @ 12.46 Details

The technical summary data tells us to buy PDT near 12.5 with an upside target of 13.05. This data also tells us to set a stop loss @ 12.46 to protect against excessive loss in case the stock begins to move against the trade. 12.5 is the first level of support below 12.7 , and by rule, any test of support is a buy signal. In this case, support 12.5 would be being tested, so a buy signal would exist.

• Short PDT slightly under 13.05, target 12.5, stop loss @ 13.09 Details

The technical summary data is suggesting a short of PDT as it gets near 13.05 with a downside target of 12.5. We should have a stop loss in place at 13.09though. 13.05 is the first level of resistance above 12.7, and by rule, any test of resistance is a short signal. In this case, if resistance 13.05 is being tested, so a short signal would exist.

Swing Trading Plans for PDT

• Buy PDT slightly over 12.76, target 13.09, Stop Loss @ 12.72 Details

If 12.76 begins to break higher, the technical summary data tells us to buy PDT just slightly over 12.76, with an upside target of 13.09. The data also tells us to set a stop loss @ 12.72 in case the stock turns against the trade. 12.76 is the first level of resistance above 12.7, and by rule, any break above resistance is a buy signal. In this case, 12.76, 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 PDT slightly near 12.76, target 12.5, Stop Loss @ 12.8. Details

The technical summary data is suggesting a short of PDT if it tests 12.76 with a downside target of 12.5. We should have a stop loss in place at 12.8 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, 12.76, 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 PDT

• Buy PDT slightly over 13.09, target 13.59, Stop Loss @ 13.06 Details

If 13.09 begins to break higher, the technical summary data tells us to buy PDT just slightly over 13.09, with an upside target of 13.59. The data also tells us to set a stop loss @ 13.06 in case the stock turns against the trade. 13.09 is the first level of resistance above 12.7, and by rule, any break above resistance is a buy signal. In this case, 13.09, 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 PDT slightly near 13.09, target n/a, Stop Loss @ 13.12. Details

The technical summary data is suggesting a short of PDT if it tests 13.09 with a downside target of n/a. We should have a stop loss in place at 13.12 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, 13.09, 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 John Hancock Premium Dividend Fund (PDT) available here: PDT.

PDT Ratings for November 14:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	12.5
P2	12.65	12.76	13.05
P3	12.86	13.09	13.59

AI Generated Signals for PDT

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This report provides trading strategies for John Hancock Premium Dividend Fund (NYSE: PDT) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PDT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PDT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PDT too.  All of these are offered below the Summary Table.