Trading Fmc $FMC With Integrated Risk Controls

August 29, 2023, 11:00 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FMC

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short FMC slightly under 89.38, target n/a, stop loss @ 89.64 Details

The technical summary data is suggesting a short of FMC as it gets near 89.38, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 89.64. 89.38 is the first level of resistance above 88.42, and by rule, any test of resistance is a short signal. In this case, if resistance 89.38 is being tested, so a short signal would exist.

Swing Trading Plans for FMC

• Buy FMC slightly over 89.11, target 89.38, Stop Loss @ 88.85 Details

If 89.11 begins to break higher, the technical summary data tells us to buy FMC just slightly over 89.11, with an upside target of 89.38. The data also tells us to set a stop loss @ 88.85 in case the stock turns against the trade. 89.11 is the first level of resistance above 88.42, and by rule, any break above resistance is a buy signal. In this case, 89.11, 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 FMC slightly near 89.11, target 87.59, Stop Loss @ 89.37. Details

The technical summary data is suggesting a short of FMC if it tests 89.11 with a downside target of 87.59. We should have a stop loss in place at 89.37 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, 89.11, 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 FMC

• Buy FMC slightly over 89.11, target 89.38, Stop Loss @ 88.9 Details

If 89.11 begins to break higher, the technical summary data tells us to buy FMC just slightly over 89.11, with an upside target of 89.38. The data also tells us to set a stop loss @ 88.9 in case the stock turns against the trade. 89.11 is the first level of resistance above 88.42, and by rule, any break above resistance is a buy signal. In this case, 89.11, 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 FMC slightly near 89.11, target 88.40, Stop Loss @ 89.32. Details

The technical summary data is suggesting a short of FMC if it tests 89.11 with a downside target of 88.40. We should have a stop loss in place at 89.32 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, 89.11, 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 Fmc (FMC) available here: FMC.

FMC Ratings for August 29:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	89.38
P2	88.40	87.59	101.79
P3	89.02	89.11	114.46

AI Generated Signals for FMC

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