Trading (IMKTA) With Integrated Risk Controls
May 11, 2024, 22:36 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IMKTA
- Buy IMKTA slightly over 71.56 target 76.63 stop loss @ 71.35 Details
The technical summary data tells us to buy IMKTA near 71.56 with an upside target of 76.63. This data also tells us to set a stop loss @ 71.35 to protect against excessive loss in case the stock begins to move against the trade. 71.56 is the first level of support below 72.66 , and by rule, any test of support is a buy signal. In this case, support 71.56 would be being tested, so a buy signal would exist.
- Short IMKTA slightly under 76.63, target 71.56, stop loss @ 76.85 Details
The technical summary data is suggesting a short of IMKTA as it gets near 76.63 with a downside target of 71.56. We should have a stop loss in place at 76.85though. 76.63 is the first level of resistance above 72.66, and by rule, any test of resistance is a short signal. In this case, if resistance 76.63 is being tested, so a short signal would exist.
Swing Trading Plans for IMKTA
- Buy IMKTA slightly over 76.63, target 81.72, Stop Loss @ 76.41 Details
If 76.63 begins to break higher, the technical summary data tells us to buy IMKTA just slightly over 76.63, with an upside target of 81.72. The data also tells us to set a stop loss @ 76.41 in case the stock turns against the trade. 76.63 is the first level of resistance above 72.66, and by rule, any break above resistance is a buy signal. In this case, 76.63, 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 IMKTA slightly near 76.63, target 72.29, Stop Loss @ 76.85. Details
The technical summary data is suggesting a short of IMKTA if it tests 76.63 with a downside target of 72.29. We should have a stop loss in place at 76.85 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, 76.63, 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 IMKTA
- Buy IMKTA slightly over 76.63, target 81.72, Stop Loss @ 76.45 Details
If 76.63 begins to break higher, the technical summary data tells us to buy IMKTA just slightly over 76.63, with an upside target of 81.72. The data also tells us to set a stop loss @ 76.45 in case the stock turns against the trade. 76.63 is the first level of resistance above 72.66, and by rule, any break above resistance is a buy signal. In this case, 76.63, 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 IMKTA slightly near 76.63, target 72.29, Stop Loss @ 76.81. Details
The technical summary data is suggesting a short of IMKTA if it tests 76.63 with a downside target of 72.29. We should have a stop loss in place at 76.81 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, 76.63, 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 Ingles Markets Incorporated Class A Common Stock (IMKTA) available here: IMKTA.
IMKTA Ratings for May 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
71.56 |
| P2 |
70.81 |
71.07 |
76.63 |
| P3 |
71.85 |
72.29 |
81.72 |
AI Generated Signals for IMKTA
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for IMKTA:
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