When the Price of (CHX) Talks, People Listen

September 18, 2024, 09:22 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CHX

• Buy CHX near 28.95 target 32.42 stop loss @ 28.87 Details

The technical summary data tells us to buy CHX near 28.95 with an upside target of 32.42. This data also tells us to set a stop loss @ 28.87 to protect against excessive loss in case the stock begins to move against the trade. 28.95 is the first level of support below 29.89 , and by rule, any test of support is a buy signal. In this case, support 28.95 would be being tested, so a buy signal would exist.

• Short CHX slightly under 32.42, target 28.95, stop loss @ 32.51 Details

The technical summary data is suggesting a short of CHX as it gets near 32.42 with a downside target of 28.95. We should have a stop loss in place at 32.51though. 32.42 is the first level of resistance above 29.89, and by rule, any test of resistance is a short signal. In this case, if resistance 32.42 is being tested, so a short signal would exist.

Swing Trading Plans for CHX

• Buy CHX slightly over 32.42, target 36.06, Stop Loss @ 32.33 Details

If 32.42 begins to break higher, the technical summary data tells us to buy CHX just slightly over 32.42, with an upside target of 36.06. The data also tells us to set a stop loss @ 32.33 in case the stock turns against the trade. 32.42 is the first level of resistance above 29.89, and by rule, any break above resistance is a buy signal. In this case, 32.42, 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 CHX slightly near 32.42, target 29.06, Stop Loss @ 32.51. Details

The technical summary data is suggesting a short of CHX if it tests 32.42 with a downside target of 29.06. We should have a stop loss in place at 32.51 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, 32.42, 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 CHX

• Buy CHX slightly over 32.42, target 36.06, Stop Loss @ 32.34 Details

If 32.42 begins to break higher, the technical summary data tells us to buy CHX just slightly over 32.42, with an upside target of 36.06. The data also tells us to set a stop loss @ 32.34 in case the stock turns against the trade. 32.42 is the first level of resistance above 29.89, and by rule, any break above resistance is a buy signal. In this case, 32.42, 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 CHX slightly near 32.42, target 29.86, Stop Loss @ 32.5. Details

The technical summary data is suggesting a short of CHX if it tests 32.42 with a downside target of 29.86. We should have a stop loss in place at 32.5 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, 32.42, 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 Championx Corporation (CHX) available here: CHX.

CHX Ratings for September 18:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	28.95
P2	29.35	27.62	32.42
P3	29.86	29.06	36.06

AI Generated Signals for CHX

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Championx Corporation (NYSE: CHX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for CHX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.