Trading (CANE) With Integrated Risk Controls
November 08, 2024, 16:08 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CANE
- Buy CANE near 11.72 target 12.85 stop loss @ 11.69 Details
The technical summary data tells us to buy CANE near 11.72 with an upside target of 12.85. This data also tells us to set a stop loss @ 11.69 to protect against excessive loss in case the stock begins to move against the trade. 11.72 is the first level of support below 12.83 , and by rule, any test of support is a buy signal. In this case, support 11.72 is being tested, a buy signal would exist.
- Short CANE slightly under 12.85, target 11.72, stop loss @ 12.89 Details
The technical summary data is suggesting a short of CANE as it gets near 12.85 with a downside target of 11.72. We should have a stop loss in place at 12.89though. 12.85 is the first level of resistance above 12.83, and by rule, any test of resistance is a short signal. In this case, if resistance 12.85 is being tested, a short signal would exist.
Swing Trading Plans for CANE
- Buy CANE slightly over 12.96, target n/a, Stop Loss @ 12.92 Details
If 12.96 begins to break higher, the technical summary data tells us to buy CANE just slightly over 12.96, with an upside target of n/a. The data also tells us to set a stop loss @ 12.92 in case the stock turns against the trade. 12.96 is the first level of resistance above 12.83, and by rule, any break above resistance is a buy signal. In this case, 12.96, 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 CANE slightly near 12.96, target 11.72, Stop Loss @ 13. Details
The technical summary data is suggesting a short of CANE if it tests 12.96 with a downside target of 11.72. We should have a stop loss in place at 13 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, 12.96, 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 CANE
- Buy CANE slightly over 12.96, target n/a, Stop Loss @ 12.93 Details
If 12.96 begins to break higher, the technical summary data tells us to buy CANE just slightly over 12.96, with an upside target of n/a. The data also tells us to set a stop loss @ 12.93 in case the stock turns against the trade. 12.96 is the first level of resistance above 12.83, and by rule, any break above resistance is a buy signal. In this case, 12.96, 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 CANE slightly near 12.96, target 11.72, Stop Loss @ 12.99. Details
The technical summary data is suggesting a short of CANE if it tests 12.96 with a downside target of 11.72. We should have a stop loss in place at 12.99 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, 12.96, 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 Teucrium Sugar Fund (CANE) available here: CANE.
CANE Ratings for November 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
10.65 |
| P2 |
12.75 |
12.7 |
11.72 |
| P3 |
12.96 |
12.96 |
12.85 |
AI Generated Signals for CANE
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CANE:
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