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

January 30, 2024, 03:50 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GIB

• Buy GIB slightly over 105.86 target 111.11 stop loss @ 105.55 Details

The technical summary data tells us to buy GIB near 105.86 with an upside target of 111.11. This data also tells us to set a stop loss @ 105.55 to protect against excessive loss in case the stock begins to move against the trade. 105.86 is the first level of support below 110.5 , and by rule, any test of support is a buy signal. In this case, support 105.86 is being tested, a buy signal would exist.

• Short GIB slightly under 111.11, target 105.86, stop loss @ 111.43 Details

The technical summary data is suggesting a short of GIB as it gets near 111.11 with a downside target of 105.86. We should have a stop loss in place at 111.43though. 111.11 is the first level of resistance above 110.5, and by rule, any test of resistance is a short signal. In this case, if resistance 111.11 is being tested, a short signal would exist.

Swing Trading Plans for GIB

• Buy GIB slightly over 111.11, target n/a, Stop Loss @ 110.79 Details

If 111.11 begins to break higher, the technical summary data tells us to buy GIB just slightly over 111.11, with an upside target of n/a. The data also tells us to set a stop loss @ 110.79 in case the stock turns against the trade. 111.11 is the first level of resistance above 110.5, and by rule, any break above resistance is a buy signal. In this case, 111.11, 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 GIB slightly near 111.11, target 109.15, Stop Loss @ 111.43. Details

The technical summary data is suggesting a short of GIB if it tests 111.11 with a downside target of 109.15. We should have a stop loss in place at 111.43 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, 111.11, 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 GIB

• Buy GIB slightly over 111.11, target n/a, Stop Loss @ 110.85 Details

If 111.11 begins to break higher, the technical summary data tells us to buy GIB just slightly over 111.11, with an upside target of n/a. The data also tells us to set a stop loss @ 110.85 in case the stock turns against the trade. 111.11 is the first level of resistance above 110.5, and by rule, any break above resistance is a buy signal. In this case, 111.11, 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 GIB slightly near 111.11, target 110.3, Stop Loss @ 111.37. Details

The technical summary data is suggesting a short of GIB if it tests 111.11 with a downside target of 110.3. We should have a stop loss in place at 111.37 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, 111.11, 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  Cgi Inc. (GIB) available here: GIB.

GIB Ratings for January 30:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	100.43
P2	109.5	109.15	105.86
P3	110.3	111.01	111.11

AI Generated Signals for GIB

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

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  Cgi Inc. (NYSE: GIB) data table below can help you with price action, and we have more details too. Trading plans for GIB 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.