Trading (DFS) With Integrated Risk Controls
July 15, 2024, 19:04 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DFS
- Buy DFS slightly over 131.69 target 142.64 stop loss @ 131.31 Details
The technical summary data tells us to buy DFS near 131.69 with an upside target of 142.64. This data also tells us to set a stop loss @ 131.31 to protect against excessive loss in case the stock begins to move against the trade. 131.69 is the first level of support below 137.06 , and by rule, any test of support is a buy signal. In this case, support 131.69 is being tested, a buy signal would exist.
- Short DFS slightly under 142.64, target 131.69, stop loss @ 143.05 Details
The technical summary data is suggesting a short of DFS as it gets near 142.64 with a downside target of 131.69. We should have a stop loss in place at 143.05though. 142.64 is the first level of resistance above 137.06, and by rule, any test of resistance is a short signal. In this case, if resistance 142.64 is being tested, a short signal would exist.
Swing Trading Plans for DFS
- Buy DFS slightly over 142.64, target n/a, Stop Loss @ 142.23 Details
If 142.64 begins to break higher, the technical summary data tells us to buy DFS just slightly over 142.64, with an upside target of n/a. The data also tells us to set a stop loss @ 142.23 in case the stock turns against the trade. 142.64 is the first level of resistance above 137.06, and by rule, any break above resistance is a buy signal. In this case, 142.64, 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 DFS slightly near 142.64, target 136.26, Stop Loss @ 143.05. Details
The technical summary data is suggesting a short of DFS if it tests 142.64 with a downside target of 136.26. We should have a stop loss in place at 143.05 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, 142.64, 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 DFS
- Buy DFS slightly over 142.64, target n/a, Stop Loss @ 142.31 Details
If 142.64 begins to break higher, the technical summary data tells us to buy DFS just slightly over 142.64, with an upside target of n/a. The data also tells us to set a stop loss @ 142.31 in case the stock turns against the trade. 142.64 is the first level of resistance above 137.06, and by rule, any break above resistance is a buy signal. In this case, 142.64, 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 DFS slightly near 142.64, target 136.85, Stop Loss @ 142.97. Details
The technical summary data is suggesting a short of DFS if it tests 142.64 with a downside target of 136.85. We should have a stop loss in place at 142.97 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, 142.64, 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 Discslightly over Financial Services (DFS) available here: DFS.
DFS Ratings for July 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
120.71 |
| P2 |
133.52 |
130.44 |
131.69 |
| P3 |
136.85 |
136.26 |
142.64 |
AI Generated Signals for DFS
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Discover Financial Services (NYSE: DFS) report below can help you, but we have more details too. The trading plans for DFS, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for DFS:
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