When (CNNE) Moves Investors should Listen
September 02, 2024, 22:08 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNNE
- Buy CNNE slightly over 19.77 target 21.66 stop loss @ 19.71 Details
The technical summary data tells us to buy CNNE near 19.77 with an upside target of 21.66. This data also tells us to set a stop loss @ 19.71 to protect against excessive loss in case the stock begins to move against the trade. 19.77 is the first level of support below 20.02 , and by rule, any test of support is a buy signal. In this case, support 19.77 is being tested, a buy signal would exist.
- Short CNNE slightly under 21.66, target 19.77, stop loss @ 21.72 Details
The technical summary data is suggesting a short of CNNE as it gets near 21.66 with a downside target of 19.77. We should have a stop loss in place at 21.72though. 21.66 is the first level of resistance above 20.02, and by rule, any test of resistance is a short signal. In this case, if resistance 21.66 is being tested, a short signal would exist.
Swing Trading Plans for CNNE
- Buy CNNE slightly over 20.07, target 21.66, Stop Loss @ 20.01 Details
If 20.07 begins to break higher, the technical summary data tells us to buy CNNE just slightly over 20.07, with an upside target of 21.66. The data also tells us to set a stop loss @ 20.01 in case the stock turns against the trade. 20.07 is the first level of resistance above 20.02, and by rule, any break above resistance is a buy signal. In this case, 20.07, 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 CNNE slightly near 20.07, target 19.77, Stop Loss @ 20.13. Details
The technical summary data is suggesting a short of CNNE if it tests 20.07 with a downside target of 19.77. We should have a stop loss in place at 20.13 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, 20.07, 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 CNNE
- Buy CNNE slightly over 20.07, target 21.66, Stop Loss @ 20.02 Details
If 20.07 begins to break higher, the technical summary data tells us to buy CNNE just slightly over 20.07, with an upside target of 21.66. The data also tells us to set a stop loss @ 20.02 in case the stock turns against the trade. 20.07 is the first level of resistance above 20.02, and by rule, any break above resistance is a buy signal. In this case, 20.07, 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 CNNE slightly near 20.07, target 17.84, Stop Loss @ 20.12. Details
The technical summary data is suggesting a short of CNNE if it tests 20.07 with a downside target of 17.84. We should have a stop loss in place at 20.12 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, 20.07, 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 Cannae Holdings Inc. (CNNE) available here: CNNE.
CNNE Ratings for September 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
17.84 |
| P2 |
19.64 |
19.69 |
19.77 |
| P3 |
19.89 |
20.07 |
21.66 |
AI Generated Signals for CNNE
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Cannae Holdings Inc. (NASDAQ: CNNE) report below is a real world example. Included are trading plans for CNNE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CNNE:
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