Trading (CANE) With Integrated Risk Controls
October 20, 2024, 13:50 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CANE
- Buy CANE near 12.58 target n/a stop loss @ 12.54. Details
The technical summary data tells us to buy CANE near 12.58, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 12.54 to protect against excessive loss in case the stock begins to move against the trade. 12.58 is the first level of support below 12.7804, and by rule, any test of support is a buy signal. In this case, if support 12.58 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for CANE
- Buy CANE slightly over 12.86, target n/a, Stop Loss @ 12.82 Details
If 12.86 begins to break higher, the technical summary data tells us to buy CANE just slightly over 12.86, with an upside target of n/a. The data also tells us to set a stop loss @ 12.82 in case the stock turns against the trade. 12.86 is the first level of resistance above 12.7804, and by rule, any break above resistance is a buy signal. In this case, 12.86, 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 CANE slightly near 12.86, target 12.58, Stop Loss @ 12.9. Details
The technical summary data is suggesting a short of CANE if it tests 12.86 with a downside target of 12.58. We should have a stop loss in place at 12.9 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, 12.86, 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 CANE
- Buy CANE slightly over 12.86, target n/a, Stop Loss @ 12.83 Details
If 12.86 begins to break higher, the technical summary data tells us to buy CANE just slightly over 12.86, with an upside target of n/a. The data also tells us to set a stop loss @ 12.83 in case the stock turns against the trade. 12.86 is the first level of resistance above 12.7804, and by rule, any break above resistance is a buy signal. In this case, 12.86, 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 CANE slightly near 12.86, target 12.58, Stop Loss @ 12.89. Details
The technical summary data is suggesting a short of CANE if it tests 12.86 with a downside target of 12.58. We should have a stop loss in place at 12.89 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, 12.86, 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 Teucrium Sugar Fund (CANE) available here: CANE.
CANE Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
10.34 |
| P2 |
12.85 |
12.57 |
11.43 |
| P3 |
0 |
12.86 |
12.58 |
AI Generated Signals for CANE
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CANE:
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