Trading (MMC) With Integrated Risk Controls

March 30, 2024, 01:26 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MMC

• Buy MMC slightly over 203.08 target 210.57 stop loss @ 202.49 Details

The technical summary data tells us to buy MMC near 203.08 with an upside target of 210.57. This data also tells us to set a stop loss @ 202.49 to protect against excessive loss in case the stock begins to move against the trade. 203.08 is the first level of support below 205.98 , and by rule, any test of support is a buy signal. In this case, support 203.08 is being tested, a buy signal would exist.

• Short MMC slightly under 210.57, target 203.08, stop loss @ 211.18 Details

The technical summary data is suggesting a short of MMC as it gets near 210.57 with a downside target of 203.08. We should have a stop loss in place at 211.18though. 210.57 is the first level of resistance above 205.98, and by rule, any test of resistance is a short signal. In this case, if resistance 210.57 is being tested, a short signal would exist.

Swing Trading Plans for MMC

• Buy MMC slightly over 210.57, target n/a, Stop Loss @ 209.96 Details

If 210.57 begins to break higher, the technical summary data tells us to buy MMC just slightly over 210.57, with an upside target of n/a. The data also tells us to set a stop loss @ 209.96 in case the stock turns against the trade. 210.57 is the first level of resistance above 205.98, and by rule, any break above resistance is a buy signal. In this case, 210.57, 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 MMC slightly near 210.57, target 205.48, Stop Loss @ 211.18. Details

The technical summary data is suggesting a short of MMC if it tests 210.57 with a downside target of 205.48. We should have a stop loss in place at 211.18 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, 210.57, 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 MMC

• Buy MMC slightly over 206.58, target 210.57, Stop Loss @ 206.1 Details

If 206.58 begins to break higher, the technical summary data tells us to buy MMC just slightly over 206.58, with an upside target of 210.57. The data also tells us to set a stop loss @ 206.1 in case the stock turns against the trade. 206.58 is the first level of resistance above 205.98, and by rule, any break above resistance is a buy signal. In this case, 206.58, 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 MMC slightly near 206.58, target 205.48, Stop Loss @ 207.06. Details

The technical summary data is suggesting a short of MMC if it tests 206.58 with a downside target of 205.48. We should have a stop loss in place at 207.06 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, 206.58, 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 Marsh & Mclennan Companies Inc. (MMC) available here: MMC.

MMC Ratings for March 30:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	195.17
P2	204.34	202.9	203.08
P3	206.58	205.48	210.57

AI Generated Signals for MMC

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