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

May 30, 2024, 08:34 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJCO

• Buy DJCO slightly over 369.46 target 396.08 stop loss @ 368.39 Details

The technical summary data tells us to buy DJCO near 369.46 with an upside target of 396.08. This data also tells us to set a stop loss @ 368.39 to protect against excessive loss in case the stock begins to move against the trade. 369.46 is the first level of support below 373.9 , and by rule, any test of support is a buy signal. In this case, support 369.46 is being tested, a buy signal would exist.

• Short DJCO slightly under 396.08, target 369.46, stop loss @ 397.22 Details

The technical summary data is suggesting a short of DJCO as it gets near 396.08 with a downside target of 369.46. We should have a stop loss in place at 397.22though. 396.08 is the first level of resistance above 373.9, and by rule, any test of resistance is a short signal. In this case, if resistance 396.08 is being tested, a short signal would exist.

Swing Trading Plans for DJCO

• Buy DJCO slightly over 380.85, target 392.05, Stop Loss @ 379.75 Details

If 380.85 begins to break higher, the technical summary data tells us to buy DJCO just slightly over 380.85, with an upside target of 392.05. The data also tells us to set a stop loss @ 379.75 in case the stock turns against the trade. 380.85 is the first level of resistance above 373.9, and by rule, any break above resistance is a buy signal. In this case, 380.85, 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 DJCO slightly near 380.85, target 369.46, Stop Loss @ 381.95. Details

The technical summary data is suggesting a short of DJCO if it tests 380.85 with a downside target of 369.46. We should have a stop loss in place at 381.95 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, 380.85, 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 DJCO

• Buy DJCO slightly over 380.85, target 384.59, Stop Loss @ 379.96 Details

If 380.85 begins to break higher, the technical summary data tells us to buy DJCO just slightly over 380.85, with an upside target of 384.59. The data also tells us to set a stop loss @ 379.96 in case the stock turns against the trade. 380.85 is the first level of resistance above 373.9, and by rule, any break above resistance is a buy signal. In this case, 380.85, 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 DJCO slightly near 380.85, target 373.53, Stop Loss @ 381.74. Details

The technical summary data is suggesting a short of DJCO if it tests 380.85 with a downside target of 373.53. We should have a stop loss in place at 381.74 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, 380.85, 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  Daily Journal Corp. (s.c.) (DJCO) available here: DJCO.

DJCO Ratings for May 30:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	343.32
P2	373.53	380.85	369.46
P3	384.59	392.05	396.08

AI Generated Signals for DJCO

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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  Daily Journal Corp. (s.c.) (NASDAQ: DJCO) data table below can help you with price action, and we have more details too. Trading plans for DJCO 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.