(CCOI) Technical Pivots with Risk Controls

March 11, 2024, 07:32 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CCOI

• Buy CCOI slightly over 67.68 target 73.76 stop loss @ 67.48 Details

The technical summary data tells us to buy CCOI near 67.68 with an upside target of 73.76. This data also tells us to set a stop loss @ 67.48 to protect against excessive loss in case the stock begins to move against the trade. 67.68 is the first level of support below 67.83 , and by rule, any test of support is a buy signal. In this case, support 67.68 would be being tested, so a buy signal would exist.

• Short CCOI slightly under 73.76, target 67.68, stop loss @ 73.97 Details

The technical summary data is suggesting a short of CCOI as it gets near 73.76 with a downside target of 67.68. We should have a stop loss in place at 73.97though. 73.76 is the first level of resistance above 67.83, and by rule, any test of resistance is a short signal. In this case, if resistance 73.76 is being tested, so a short signal would exist.

Swing Trading Plans for CCOI

• Buy CCOI slightly over 72.65, target 73.76, Stop Loss @ 72.44 Details

If 72.65 begins to break higher, the technical summary data tells us to buy CCOI just slightly over 72.65, with an upside target of 73.76. The data also tells us to set a stop loss @ 72.44 in case the stock turns against the trade. 72.65 is the first level of resistance above 67.83, and by rule, any break above resistance is a buy signal. In this case, 72.65, 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 CCOI slightly near 72.65, target 67.68, Stop Loss @ 72.86. Details

The technical summary data is suggesting a short of CCOI if it tests 72.65 with a downside target of 67.68. We should have a stop loss in place at 72.86 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, 72.65, 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 CCOI

• Buy CCOI slightly over 68.01, target 72.65, Stop Loss @ 67.85 Details

If 68.01 begins to break higher, the technical summary data tells us to buy CCOI just slightly over 68.01, with an upside target of 72.65. The data also tells us to set a stop loss @ 67.85 in case the stock turns against the trade. 68.01 is the first level of resistance above 67.83, and by rule, any break above resistance is a buy signal. In this case, 68.01, 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 CCOI slightly near 68.01, target 67.68, Stop Loss @ 68.17. Details

The technical summary data is suggesting a short of CCOI if it tests 68.01 with a downside target of 67.68. We should have a stop loss in place at 68.17 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, 68.01, 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 Cogent Communications Holdings Inc. (CCOI) available here: CCOI.

CCOI Ratings for March 11:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	67.68
P2	65.77	66.69	73.76
P3	68.01	72.65	80.02

AI Generated Signals for CCOI

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The technical pivots for Cogent Communications Holdings Inc. (NASDAQ: CCOI) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CCOI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CCOI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CCOI too.  All of these are offered below the Summary Table.