How the (TVC) price action is used to our Advantage

December 28, 2023, 10:45 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TVC

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Swing Trading Plans for TVC

• Buy TVC slightly over 22.57, target n/a, Stop Loss @ 22.5 Details

If 22.57 begins to break higher, the technical summary data tells us to buy TVC just slightly over 22.57, with an upside target of n/a. The data also tells us to set a stop loss @ 22.5 in case the stock turns against the trade. 22.57 is the first level of resistance above 22.38, and by rule, any break above resistance is a buy signal. In this case, 22.57, 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 TVC slightly near 22.57, target 21.91, Stop Loss @ 22.64. Details

The technical summary data is suggesting a short of TVC if it tests 22.57 with a downside target of 21.91. We should have a stop loss in place at 22.64 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, 22.57, 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 TVC

• Buy TVC slightly over 22.57, target n/a, Stop Loss @ 22.52 Details

If 22.57 begins to break higher, the technical summary data tells us to buy TVC just slightly over 22.57, with an upside target of n/a. The data also tells us to set a stop loss @ 22.52 in case the stock turns against the trade. 22.57 is the first level of resistance above 22.38, and by rule, any break above resistance is a buy signal. In this case, 22.57, 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 TVC slightly near 22.57, target 21.91, Stop Loss @ 22.62. Details

The technical summary data is suggesting a short of TVC if it tests 22.57 with a downside target of 21.91. We should have a stop loss in place at 22.62 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, 22.57, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  Tennessee Valley Authority (TVC) available here: TVC.

TVC Ratings for December 28:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	21.46
P2	22.52	22.29	21.91
P3	0	22.57	22.38

AI Generated Signals for TVC

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Tennessee Valley Authority (NYSE: TVC) data table below can help you with price action, and we have more details too. Trading plans for TVC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.